Why Is Allegiant Travel (ALGT) Up 10.1% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 06/05/2025
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Allegiant's April 2025 Traffic Numbers Improve Year Over Year
- ALGT's April traffic jumps 17.4% year over year, but the load factor slips as capacity growth outpaces demand.
- 06/02/2025
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Allegiant Reports April 2025 Traffic
- LAS VEGAS , May 30, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2025. Scheduled Service – Year Over Year Comparison April 2025 April 2024 Change Passengers 1,526,823 1,328,010 15.0 % Revenue passenger miles (000) 1,447,242 1,232,419 17.4 % Available seat miles (000) 1,802,989 1,495,665 20.5 % Load factor 80.3 % 82.4 % (2.1pts) Departures 11,010 9,296 18.4 % Average stage length (miles) 934 911 2.5 % Total System* – Year Over Year Comparison April 2025 April 2024 Change Passengers 1,543,689 1,344,077 14.9 % Available seat miles (000) 1,865,323 1,543,609 20.8 % Departures 11,433 9,637 18.6 % Average stage length (miles) 930 907 2.6 % *Total system includes scheduled service and fixed fee contract.
- 05/30/2025
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Here's Why Investors Should Avoid Allegiant Stock for Now
- Escalated operating expenses do not bode well for ALGT. A weakening liquidity position also hurts the company's prospects.
- 05/30/2025
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Allegiant to Launch New Flights for Boosting Connectivity
- The latest move is expected to boost ALGT's competitive position in the airline industry.
- 05/21/2025
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Allegiant Announces Five New Routes with One-Way Fares as Low as $39*
- The Airline Offers New Low-Cost Travel Options to Popular Destinations in Eight Cities LAS VEGAS , May 21, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced five new nonstop routes to eight cities around the country. To celebrate, the company is offering one-way fares on the new routes as low as $39.
- 05/21/2025
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Allegiant Q1 Earnings and Revenues Top Estimates, Improve Y/Y
- Passenger revenues at ALGT improve 6.3% year over year in the first quarter of 2025 and earnings per share surpass estimates.
- 05/08/2025
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New Strong Sell Stocks for May 7th
- ALGT, DELL and HPQ have been added to the Zacks Rank #5 (Strong Sell) List on May 7, 2025.
- 05/07/2025
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Allegiant Travel Company (ALGT) Q1 2025 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q1 2025 Earnings Conference Call May 6, 2025 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations Greg Anderson - President & Chief Executive Officer Tyler Hollingsworth - Chief Operating Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Duane Pfennigwerth - Evercore ISI Mike Linenberg - Deutsche Bank Catherine O'Brien - Goldman Sachs Scott Group - Wolfe Research Conor Cunningham - Melius Research Andrew Didora - Bank of America Tom Fitzgerald - TD Cowen Christopher Stathoulopoulos - Susquehanna International Group Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Kayla and I will be your conference operator today.
- 05/06/2025
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Here's What Key Metrics Tell Us About Allegiant Travel (ALGT) Q1 Earnings
- The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 05/06/2025
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Allegiant Travel (ALGT) Tops Q1 Earnings and Revenue Estimates
- Allegiant Travel (ALGT) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $0.57 per share a year ago.
- 05/06/2025
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ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2025 FINANCIAL RESULTS
- First quarter 2025 GAAP diluted earnings per share of $1.73 First quarter 2025 adjusted airline-only diluted earnings per share of $2.11 (1)(2) First quarter 2025 adjusted diluted earnings per share of $1.81(1)(2)(3) LAS VEGAS , May 6, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the below financial results for first quarter 2025, as well as comparisons to the prior year: "Team Allegiant executed a successful first quarter, delivering an airline-only operating margin of 9.3 percent, a three-point improvement from last year and among the best in the industry," stated Gregory Anderson, president and CEO of Allegiant Travel Company. "These financial results were underscored by our excellent operations, as the team achieved a 99.9 percent controllable completion during the quarter on 14.2 percent capacity growth.
- 05/06/2025
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Allegiant Travel (ALGT) Reports Next Week: Wall Street Expects Earnings Growth
- Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/29/2025
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Allegiant March 2025 Traffic Numbers Improve Year Over Year
- ALGT's load factor for March 2025 came in at 82.4%.
- 04/22/2025
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ALLEGIANT TRAVEL COMPANY SCHEDULES FIRST QUARTER 2025 EARNINGS CALL
- LAS VEGAS , April 22, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2025 financial results conference call for Tuesday, May 6 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 04/22/2025
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Allegiant Reports March 2025 Traffic
- LAS VEGAS , April 21, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2025. Scheduled Service – Year Over Year Comparison March 2025 March 2024 Change Passengers 1,887,902 1,649,826 14.4 % Revenue passenger miles (000) 1,819,246 1,569,978 15.9 % Available seat miles (000) 2,206,943 1,828,212 20.7 % Load factor 82.4 % 85.9 % (3.5pts) Departures 13,407 11,075 21.1 % Average stage length (miles) 940 930 1.1 % 1 st Quarter 2025 1 st Quarter 2024 Change Passengers 4,420,811 4,069,519 8.6 % Revenue passenger miles (000) 4,271,328 3,883,810 10.0 % Available seat miles (000) 5,305,191 4,636,922 14.4 % Load factor 80.5 % 83.8 % (3.3pts) Departures 32,133 28,177 14.0 % Average stage length (miles) 941 926 1.7 % Total System* – Year Over Year Comparison March 2025 March 2024 Change Passengers 1,904,613 1,668,252 14.2 % Available seat miles (000) 2,275,018 1,892,229 20.2 % Departures 13,885 11,585 19.9 % Average stage length (miles) 935 921 1.6 % 1 st Quarter 2025 1 st Quarter 2024 Change Passengers 4,451,306 4,104,860 8.4 % Available seat miles (000) 5,451,584 4,771,971 14.2 % Departures 33,235 29,225 13.7 % Average stage length (miles) 935 919 1.8 % *Total system includes scheduled service and fixed fee contract.
- 04/21/2025
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Here's Why Allegiant Travel (ALGT) is a Strong Value Stock
- Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
- 04/07/2025
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3 Airline Stocks to Bet on Currently Amid Falling Oil Price
- Low fuel costs bode well for the Zacks Transportation -Airline industry. Stocks like SKYW, ULCC and ALGT appear to be good bets currently.
- 04/01/2025
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Allegiant Named one of America's Most Loved Brands
- The airline is the only U.S. carrier included on Newsweek and Plant-A Insights Group's America's Most Loved Brands 2025 list LAS VEGAS , March 31, 2025 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) is proud to be the only U.S. airline named by Newsweek as one of America's Most Loved Brands 2025. The recognition comes after Newsweek, together with Plant-A Insights Group, conducted a large-scale study based on the collection of over 359,000 brand reviews and followership data across social media platforms, as well as in-depth analysis of sentiment data on brands.
- 03/31/2025
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Is the Options Market Predicting a Spike in Allegiant (ALGT) Stock?
- Investors need to pay close attention to Allegiant (ALGT) stock based on the movements in the options market lately.
- 03/28/2025
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Should Value Investors Buy Allegiant (ALGT) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/25/2025
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These Are the Airlines Americans Love (and Hate) the Most
- Consumer spending is the backbone of the U.S. economy, and every year, a meaningful portion of a typical household budget goes towards non-essential items and experiences — such as jewelry, dining out, and entertainment. But a February 2025 survey conducted by the management consulting firm McKinsey found that Americans are more willing to splurge on travel than nearly every other sector. 24/7 Wall St. Key Points: Customer facing industries are often highly competitive, and air travel is no exception — particularly in an era of widespread economic uncertainty. Recent survey data measuring customer satisfaction suggests that some airlines are better positioned to maintain a solid customer base in the coming months than others. Also: Discover the next Nvidia While these findings should have come as welcome news to the air travel industry, many of the biggest airlines in the U.S. are not especially optimistic. In times of economic uncertainty or hardship, non-essential consumer spending tends to contract. And according to the University of Michigan Index of Consumer Sentiment, consumer confidence has fallen for three consecutive months — from 71.1 points in January, to 64.7 points in February, to 57.9 points in March. Waning optimism is due in large part to economic uncertainty under President Donald Trump and widespread concerns over the impact his administration’s policies may have on inflation, the job market, and business conditions. (Here is a look at the Americans who are not happy with Trump’s handling of the economy.) Shifts in public perception of the economy have broad implications for multiple industries, including air travel. Citing economic uncertainty, several major American airlines, including American, Delta, and United, cut earnings estimates in early March. Air travel is a highly competitive industry in the best of times, but under current economic conditions, airlines may have to go above and beyond to continue to bring in business. According to the latest data from the American Customer Satisfaction Index, some airlines appear better positioned to navigate current economic conditions than others. Using data from the ACSI, 24/7 Wall St. identified the best and worst airlines in America. We ranked all nine major airline companies with available data on their average customer satisfaction score in 2023 and 2024. Supplementary data on on-time arrivals is from the U.S. Bureau of Transportation Statistics. The airline industry as a whole had an overall customer satisfaction index score of 76.5 in 2023 in 2024. Among the nine airlines on this list, average scores range from 65.5 to 81.5. The two lowest ranked airlines on this list are so-called budget airlines. Generally, these companies can offer lower ticket prices by cutting operating costs. However, this often results in fewer in-flight amenities and additional fees for services that would be complimentary on other airlines. Notably, however, there are other budget airlines on this list with customer satisfaction scores that are in line with, or higher than, the industry average. Notably, the highest ranking airlines on this list are not necessarily those with the best track record of on-time arrivals. While getting customers to their destinations on time is the core of any airline’s business, customer perception is also based on a wide variety of additional factors. Indeed, each airline’s customer satisfaction index score comprises multiple benchmarks, such as the check-in process, interactions with the staff and flight crew, the range of offered flight schedules, as well as several measures of in-flight comfort — including availability of overhead storage, seating, and complimentary entertainment and refreshments. (Here is a look at the airlines with the best perks for business travelers.) Why It Matters In the current climate of growing economic pessimism and uncertainty, Americans are expected to cut back on discretionary spending. In this context, airlines will likely be forced to compete for business with a shrinking customer pool — and the companies that regularly meet or exceed traveler expectations may be better positioned to meet revenue targets than those that do not. 9. Spirit 2-year average annual customer satisfaction index score: 65.5 out of 100 Customer satisfaction index score by year: 67 in 2024, 64 in 2023 Carrier flights that arrived on time in 2023 and 2024: 72.0% Brand’s parent company: Spirit AeroSystems Holdings Corporate headquarters: Wichita, KS Corporate revenue in most recent available fiscal year: $6.3 billion Corporate operating profit in most recent available fiscal year: -$1.8 billion Stock ticker: NYSE: SPR 8. Frontier 2-year average annual customer satisfaction index score: 68.0 out of 100 Customer satisfaction index score by year: 69 in 2024, 67 in 2023 Carrier flights that arrived on time in 2023 and 2024: 68.4% Brand’s parent company: Frontier Group Holdings Corporate headquarters: Denver, CO Corporate revenue in most recent available fiscal year: $3.8 billion Corporate operating profit in most recent available fiscal year: $58.0 million Stock ticker: Nasdaq: ULCC 7. United 2-year average annual customer satisfaction index score: 76.0 out of 100 Customer satisfaction index score by year: 75 in 2024, 77 in 2023 Carrier flights that arrived on time in 2023 and 2024: 78.3% Brand’s parent company: United Airlines Holdings Corporate headquarters: Chicago, IL Corporate revenue in most recent available fiscal year: $57.1 billion Corporate operating profit in most recent available fiscal year: $5.2 billion Stock ticker: Nasdaq: UAL 4. JetBlue 2-year average annual customer satisfaction index score: 76.5 out of 100 (tied) Customer satisfaction index score by year: 77 in 2024, 76 in 2023 Carrier flights that arrived on time in 2023 and 2024: 69.9% Brand’s parent company: JetBlue Airways Corporation Corporate headquarters: Long Island City, NY Corporate revenue in most recent available fiscal year: $9.3 billion Corporate operating profit in most recent available fiscal year: -$93.0 million Stock ticker: Nasdaq: JBLU 4. Delta 2-year average annual customer satisfaction index score: 76.5 out of 100 (tied) Customer satisfaction index score by year: 77 in 2024, 76 in 2023 Carrier flights that arrived on time in 2023 and 2024: 82.2% Brand’s parent company: Delta Air Lines Corporate headquarters: Atlanta, GA Corporate revenue in most recent available fiscal year: $61.6 billion Corporate operating profit in most recent available fiscal year: $6.0 billion Stock ticker: NYSE: DAL 4. Allegiant 2-year average annual customer satisfaction index score: 76.5 out of 100 (tied) Customer satisfaction index score by year: 78 in 2024, 75 in 2023 Carrier flights that arrived on time in 2023 and 2024: 75.1% Brand’s parent company: Allegiant Travel Company Corporate headquarters: Las Vegas, NV Corporate revenue in most recent available fiscal year: $2.5 billion Corporate operating profit in most recent available fiscal year: $128.2 million Stock ticker: Nasdaq: ALGT 3. Southwest 2-year average annual customer satisfaction index score: 78.0 out of 100 Customer satisfaction index score by year: 78 in 2024, 78 in 2023 Carrier flights that arrived on time in 2023 and 2024: 77.9% Brand’s parent company: Southwest Airlines Corporate headquarters: Dallas, TX Corporate revenue in most recent available fiscal year: $27.5 billion Corporate operating profit in most recent available fiscal year: $321.0 million Stock ticker: NYSE: LUV 2. American 2-year average annual customer satisfaction index score: 78.5 out of 100 Customer satisfaction index score by year: 79 in 2024, 78 in 2023 Carrier flights that arrived on time in 2023 and 2024: 74.2% Brand’s parent company: American Airlines Group Inc. Corporate headquarters: Fort Worth, TX Corporate revenue in most recent available fiscal year: $54.2 billion Corporate operating profit in most recent available fiscal year: $3.2 billion Stock ticker: Nasdaq: AAL 1. Alaska 2-year average annual customer satisfaction index score: 81.5 out of 100 Customer satisfaction index score by year: 82 in 2024, 81 in 2023 Carrier flights that arrived on time in 2023 and 2024: 77.8% Brand’s parent company: Alaska Air Group, Inc. Corporate headquarters: Seattle, WA Corporate revenue in most recent available fiscal year: $11.7 billion Corporate operating profit in most recent available fiscal year: $915.0 million Stock ticker: NYSE: ALK The post These Are the Airlines Americans Love (and Hate) the Most appeared first on 24/7 Wall St..
- 03/25/2025
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Here's Why Investors Should Retain Allegiant Stock for Now
- Impressive air travel demand and encouraging expansion efforts boost ALGT's prospects. However, elevated expenses are a major headwind.
- 03/19/2025
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How Should You Play ALGT Stock Post FY25 Capacity Forecast Cut?
- Allegiant trims its capacity growth forecast, citing softness in leisure travel demand. In this scenario, we assess whether ALGT stock is a buy now.
- 03/19/2025
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Allegiant Reports February 2025 Traffic
- LAS VEGAS , March 18, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2025. "Consistent with recent industry commentary, we are experiencing leisure demand softness, predominantly observed during the shoulder and off-peak periods," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.
- 03/18/2025
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Why Is Allegiant Travel (ALGT) Down 21.5% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 03/06/2025
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Are Investors Undervaluing Allegiant (ALGT) Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/03/2025
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ALLEGIANT ANNOUNCES A CHANGE IN CHIEF OPERATING OFFICER
- LAS VEGAS , March 3, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced that Chief Operating Officer Keny F. Wilper will step down effective today.
- 03/03/2025
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The Zacks Analyst Blog Azul, Volaris, Allegiant, JetBlue and Ryanair
- Azul, Volaris, Allegiant, JetBlue and Ryanair are included in this Analyst Blog.
- 03/03/2025
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Allegiant's January 2025 Traffic Numbers Improve Year Over Year
- ALGT demonstrates strong operational growth in January 2025, highlighted by a 7.4% increase in scheduled traffic.
- 02/27/2025
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Allegiant Reports January 2025 Traffic
- LAS VEGAS , Feb. 26, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2025. Scheduled Service – Year Over Year Comparison January 2025 January 2024 Change Passengers 1,252,875 1,176,117 6.5 % Revenue passenger miles (000) 1,202,134 1,119,728 7.4 % Available seat miles (000) 1,525,018 1,387,038 9.9 % Load factor 78.8 % 80.7 % (1.9pts) Departures 9,336 8,546 9.2 % Average stage length (miles) 933 914 2.1 % Total System* – Year Over Year Comparison January 2025 January 2025 Change Passengers 1,259,945 1,182,748 6.5 % Available seat miles (000) 1,566,465 1,423,553 10.0 % Departures 9,674 8,794 10.0 % Average stage length (miles) 925 912 1.5 % *Total system includes scheduled service and fixed fee contract.
- 02/26/2025
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Allegiant Travel Company: Sunseeker Sale Could Be A Catalyst
- Allegiant Travel Company faced challenges with the Sunseeker Resort, leading to a potential sale to refocus on its core airline business. Despite stable revenues, Allegiant reported a $234 million operating loss, primarily due to Sunseeker Resort impairment and higher airline salary costs. The company plans to increase capacity by 16% in 2025, with expected adjusted earnings per share between $7.75 and $10.25.
- 02/24/2025
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Is Allegiant (ALGT) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 02/14/2025
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Best Value Stocks to Buy for February 7th
- ALGT made it to the Zacks Rank #1 (Strong Buy) value stocks list on February 7, 2025.
- 02/07/2025
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Best Momentum Stock to Buy for February 7th
- PJT, ALGT and NFG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on February 7, 2025.
- 02/07/2025
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Allegiant Tops Q4 Earnings and Revenue Estimates, Improves Y/Y
- ALGT's fourth-quarter 2024 earnings and revenues improve year over year.
- 02/06/2025
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Why Allegiant Travel (ALGT) is a Top Value Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 02/06/2025
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After Plunging -15.48% in 4 Weeks, Here's Why the Trend Might Reverse for Allegiant Travel (ALGT)
- Allegiant Travel (ALGT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
- 02/06/2025
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Allegiant Travel Company (ALGT) Q4 2024 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q4 2024 Earnings Conference Call February 4, 2025 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations Gregory Anderson - President and Chief Executive Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Tom Fitzgerald - TD Cowen Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Scott Group - Wolfe Research Ravi Shanker - Morgan Stanley Conor Cunningham - Melius Research Atul Maheswari - UBS Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today.
- 02/05/2025
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Allegiant Travel (ALGT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- While the top- and bottom-line numbers for Allegiant Travel (ALGT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/04/2025
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Allegiant Travel (ALGT) Q4 Earnings and Revenues Top Estimates
- Allegiant Travel (ALGT) came out with quarterly earnings of $2.10 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $0.11 per share a year ago.
- 02/04/2025
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ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS
- Fourth quarter 2024 GAAP diluted loss per share of $(12.00) Fourth quarter 2024 adjusted airline-only diluted earnings per share of $3.00 (1)(3)(4) Fourth quarter 2024 adjusted diluted earnings per share of $2.10(1)(3)(4) Full-year 2024 GAAP diluted loss per share of $(13.49) Full-year 2024 adjusted airline-only diluted earnings per share of $5.84 (1)(3)(4) Full-year 2024 adjusted diluted earnings per share of $2.48 (1)(3)(4) *GAAP numbers include a one-time impairment charge in the estimated amount of $322M related to Sunseeker Resort* LAS VEGAS , Feb. 4, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for fourth quarter and full-year 2024, as well as comparisons to the prior year: Consolidated Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 627.7 $ 611.0 2.7 % Total operating expense 891.7 600.4 48.5 % Operating income (loss) (264.0) 10.6 NM Loss before income taxes (281.7) (1.8) NM Net loss (216.2) (2.0) NM Diluted loss per share (12.00) (0.13) NM Sunseeker special charges, net of recoveries (3) 325.5 (11.0) NM Airline special charges (3) 2.7 19.9 (86.4) % Adjusted income before income taxes (1)(3)(4) 47.6 7.0 580.0 % Adjusted net income (1)(3)(4) 38.9 2.4 1,520.8 % Adjusted diluted earnings per share (1)(3)(4) 2.10 0.11 1,809.1 % Airline only Three Months Ended December 31, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 609.7 $ 608.1 0.3 % Airline operating expense 531.7 587.5 (9.5) % Airline operating income 78.1 20.6 279.1 % Airline income before income taxes 64.9 6.2 946.8 % Airline special charges (3) 2.7 19.9 (86.4) % Adjusted airline-only net income (1)(3)(4) 55.6 15.9 249.7 % Adjusted airline-only operating margin (1)(3)(4) 13.2 % 6.6 % 6.6 Adjusted airline-only diluted earnings per share (1)(3)(4) 3.00 0.86 248.8 % Consolidated Twelve Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 2,512.6 $ 2,509.9 0.1 % Total operating expense 2,752.6 2,288.9 20.3 % Operating income (loss) (240.0) 221.0 NM Income (loss) before income taxes (308.5) 159.1 NM Net income (loss) (240.2) 117.6 NM Diluted earnings (loss) per share (13.49) 6.29 NM Sunseeker special charges, net of recoveries (3) 322.8 (6.4) NM Airline special charges (3) 45.3 35.1 29.1 % Adjusted income before income taxes (1)(3)(4) 60.9 187.7 (67.6) % Adjusted net income (1)(3)(4) 45.7 136.6 (66.5) % Adjusted diluted earnings per share (1)(3)(4) 2.48 7.31 (66.1) % Airline only Twelve Months Ended December 31, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 2,440.8 $ 2,507.0 (2.6) % Airline operating expense 2,298.6 2,255.5 1.9 % Airline operating income 142.2 251.5 (43.5) % Airline income before income taxes 94.3 188.1 (49.9) % Airline special charges (3) 45.3 35.1 29.1 % Adjusted airline-only net income (1)(3)(4) 107.5 164.7 (34.7) % Adjusted airline-only operating margin (1)(3)(4) 7.7 % 11.4 % (3.7) Adjusted airline-only diluted earnings per share (1)(3)(4) 5.84 8.82 (33.8) % (1) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures.
- 02/04/2025
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Are Transportation Stocks Lagging Allegiant (ALGT) This Year?
- Here is how Allegiant Travel (ALGT) and Delta Air Lines (DAL) have performed compared to their sector so far this year.
- 01/31/2025
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Fast-paced Momentum Stock Allegiant Travel (ALGT) Is Still Trading at a Bargain
- Allegiant Travel (ALGT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 01/30/2025
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Allegiant Reports December 2024 Traffic
- LAS VEGAS , Jan. 29, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2024. Scheduled Service – Year Over Year Comparison December 2024 December 2023 Change Passengers 1,544,874 1,356,025 13.9 % Revenue passenger miles (000) 1,441,734 1,255,868 14.8 % Available seat miles (000) 1,771,717 1,521,846 16.4 % Load factor 81.4 % 82.5 % (1.1pts) Departures 11,117 9,527 16.7 % Average stage length (miles) 912 903 1.0 % 4 th Quarter 2024 4 th Quarter 2023 Change Passengers 3,927,423 4,067,855 (3.5 %) Revenue passenger miles (000) 3,609,892 3,691,343 (2.2 %) Available seat miles (000) 4,503,059 4,429,826 1.7 % Load factor 80.2 % 83.3 % (3.1pts) Departures 28,617 28,244 1.3 % Average stage length (miles) 900 887 1.5 % Full Year 2024 Full Year 2023 Change Passengers 16,765,283 17,143,870 (2.2 %) Revenue passenger miles (000) 15,303,737 15,639,329 (2.1 %) Available seat miles (000) 18,314,867 18,208,820 0.6 % Load factor 83.6 % 85.9 % (2.3pts) Departures 116,441 116,044 0.3 % Average stage length (miles) 893 888 0.6 % Total System* – Year Over Year Comparison December 2024 December 2023 Change Passengers 1,555,292 1,369,293 13.6 % Available seat miles (000) 1,811,321 1,566,296 15.6 % Departures 11,452 9,868 16.1 % Average stage length (miles) 905 897 0.9 % 4 th Quarter 2024 4 th Quarter 2023 Change Passengers 3,999,879 4,145,771 (3.5 %) Available seat miles (000) 4,697,999 4,607,174 2.0 % Departures 30,219 29,733 1.6 % Average stage length (miles) 889 876 1.5 % Full Year 2024 Full Year 2023 Change Passengers 16,982,836 17,342,236 (2.1 %) Available seat miles (000) 18,984,711 18,772,110 1.1 % Departures 121,580 120,525 0.9 % Average stage length (miles) 887 882 0.6 % *Total system includes scheduled service and fixed fee contract.
- 01/29/2025
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Allegiant Travel (ALGT) Reports Next Week: Wall Street Expects Earnings Growth
- Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/28/2025
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ALLEGIANT TRAVEL COMPANY SCHEDULES FOURTH QUARTER AND FULL-YEAR 2024 EARNINGS CALL
- LAS VEGAS , Jan. 16, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its fourth quarter and full-year 2024 financial results conference call for Tuesday, February 4 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 01/16/2025
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Are You Looking for a Top Momentum Pick? Why Allegiant Travel (ALGT) is a Great Choice
- Does Allegiant Travel (ALGT) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/15/2025
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Why You Shouldn't Bet Against Allegiant (ALGT) Stock
- Allegiant (ALGT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/15/2025
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Here's Why You Should Add ALGT Stock to Your Portfolio Now
- Proactive efforts to expand its global reach boost Allegiant's prospects. Strong air travel demand also bodes well for ALGT.
- 01/15/2025
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Is Allegiant (ALGT) Stock Outpacing Its Transportation Peers This Year?
- Here is how Allegiant Travel (ALGT) and Cathay Pacific Airways Ltd. (CPCAY) have performed compared to their sector so far this year.
- 01/14/2025
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Why Fast-paced Mover Allegiant Travel (ALGT) Is a Great Choice for Value Investors
- Allegiant Travel (ALGT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 01/14/2025
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Allegiant Travel price target raised to $100 from $65 at Evercore ISI
- Evercore ISI raised the firm's price target on Allegiant Travel to $100 from $65 and keeps an In Line rating on the shares. Across the firm's airlines and lodging coverage, the analyst believes the post-election demand pickup was "quicker and stronger vs. initial expectations" and that the compressed period between Thanksgiving and peak Holidays, combined with a dose of late-year corporate travel, also likely contributed to stronger outcomes, says the analyst as the firm adjusting airline estimates and rolling its price targets to a 2026 basis.
- 01/08/2025
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Allegiant Gains 66% in 3 Months: What Should Investors Do Now?
- With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
- 12/27/2024
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Allegiant Issues Bullish Q4 View on Upbeat Air-Travel Demand
- Strong air-travel demand and fleet additions represent the major tailwinds of ALGT.
- 12/17/2024
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Allegiant Reports November 2024 Traffic
- LAS VEGAS , Dec. 12, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2024. "Booking trends following the election continue to outpace our initial expectations," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.
- 12/12/2024
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S&P 600 rally to cool but these six small-cap stocks could continue to grow
- Small-cap stocks have enjoyed a stellar 2024, with the S&P 600 index soaring more than 14% year-to-date, driven by optimism surrounding President-elect Donald Trump's fiscal policies. This performance marked a significant milestone for the index, which recently closed at a record high of 1,544.
- 12/11/2024
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Allegiant Travel (ALGT) Up 24.6% Since Last Earnings Report: Can It Continue?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 11/29/2024
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Is the Options Market Predicting a Spike in Allegiant (ALGT) Stock?
- Investors need to pay close attention to Allegiant (ALGT) stock based on the movements in the options market lately.
- 11/21/2024
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Allegiant Ties Record for Largest Expansion in Company History with 44 New Nonstop Routes, plus 3 New Cities
- The Airline Offers New Low-Cost Travel Options to Popular Destinations in 51 Cities LAS VEGAS , Nov. 19, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced 44 new nonstop routes, including eleven routes to three new cities: Gulf Shores, Alabama, Colorado Springs, Colorado and Columbia, South Carolina. To celebrate this significant expansion, the company is offering one-way fares on the new routes as low as $39.
- 11/19/2024
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Allegiant October 2024 Traffic Numbers Declines Year Over Year
- ALGT reports a load factor of 78.5% for October 2024.
- 11/18/2024
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Allegiant Reports October 2024 Traffic
- LAS VEGAS , Nov. 15, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for October 2024. "As observed below and consistent with commentary from our third quarter earnings call, hurricanes Helene and Milton had an outsized impact on our business," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company.
- 11/15/2024
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Allegiant Travel's Third-Quarter Loss Wider Than Expected
- Allegiant Travel's third-quarter revenues decline 0.6% year over year as passenger revenues fall.
- 11/01/2024
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Allegiant Travel Company (ALGT) Q3 2024 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Sherry Wilson - Managing Director-Investor Relations Greg Anderson - President and Chief Executive Officer Drew Wells - Chief Commercial Officer Robert Neal - Chief Financial Officer Micah Richins - President-Sunseeker Resorts Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Thomas Fitzgerald - TD Cowen Katherine Kallergis - Morgan Stanley Brandon Oglenski - Barclays Andrew Didora - Bank of America Michael Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Mandeep, and I'll be your operator today.
- 10/30/2024
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Allegiant Travel (ALGT) Reports Q3 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Allegiant Travel (ALGT) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 10/30/2024
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Allegiant Travel (ALGT) Reports Q3 Loss, Tops Revenue Estimates
- Allegiant Travel (ALGT) came out with a quarterly loss of $2.02 per share versus the Zacks Consensus Estimate of a loss of $1.85. This compares to earnings of $0.09 per share a year ago.
- 10/30/2024
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ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2024 FINANCIAL RESULTS
- Third quarter 2024 GAAP diluted loss per share of $(2.05) Third quarter 2024 diluted loss per share, excluding special charges, of $(2.02) (1)(3) Third quarter 2024 airline only diluted loss per share, excluding special charges, of $(0.49) (1)(3) LAS VEGAS , Oct. 30, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 562.2 $ 565.4 (0.6) % Total operating expense 588.5 583.2 0.9 % Operating loss (26.3) (17.9) 46.9 % Loss before income taxes (43.4) (29.9) 45.2 % Net loss (36.8) (25.1) 46.6 % Diluted loss per share (2.05) (1.44) 42.4 % Sunseeker special charges, net of recoveries (3) 1.1 17.4 (93.7) % Airline special charges (3) 7.7 15.2 (49.3) % Income before income taxes, excluding special charges net of recoveries (1)(3) (34.7) 2.7 NM Net income (loss), excluding special charges net of recoveries (1)(3) (36.1) 2.0 NM Diluted earnings (loss) per share excluding special charges net of recoveries (1)(3) (2.02) 0.09 NM Airline only Three Months Ended September 30, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 549.1 $ 565.4 (2.9) % Airline operating expense 556.2 559.5 (0.6) % Airline operating income (loss) (7.0) 5.8 NM Airline loss before income taxes (18.6) (7.4) NM Airline special charges (3) 7.7 15.2 (49.3) % Airline net income (loss), excluding special charges (1)(3) (8.8) 5.9 NM Airline operating margin, excluding special charges (1)(3) 0.1 % 3.7 % (3.6) Airline diluted earnings (loss) per share, excluding special charges (1)(3) (0.49) 0.31 NM Consolidated Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 1,884.9 $ 1,898.9 (0.7) % Total operating expense 1,860.9 1,688.5 10.2 % Operating income 24.0 210.4 (88.6) % Income (loss) before income taxes (26.8) 160.8 NM Net income (loss) (24.0) 119.6 NM Diluted earnings (loss) per share (1.38) 6.43 NM Sunseeker special charges, net of recoveries (3) (2.6) 4.6 NM Airline special charges (3) 42.6 15.2 NM Income before income taxes, excluding special charges net of recoveries (1)(3) 13.2 180.6 (92.7) % Net income, excluding special charges net of recoveries (1)(3) 6.8 134.2 (94.9) % Diluted earnings per share excluding special charges net of recoveries (1)(3) 0.35 7.22 (95.2) % Airline only Nine Months Ended September 30, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 1,831.1 $ 1,898.9 (3.6) % Airline operating expense 1,767.0 1,668.0 5.9 % Airline operating income 64.1 230.9 (72.2) % Airline income before income taxes 29.4 181.9 (83.8) % Airline special charges (3) 42.6 15.2 NM Airline net income, excluding special charges (1)(3) 51.9 148.8 (65.1) % Airline operating margin, excluding special charges (1)(3) 5.8 % 13.0 % (7.2) Airline diluted earnings per share, excluding special charges (1)(3) 2.83 8.00 (64.6) % (1) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures.
- 10/30/2024
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Allegiant's Q3 Earnings Coming Up: What's in the Offing for the Stock?
- Allegiant's third-quarter top line is expected to have been significantly hurt by dismal segmental performance.
- 10/28/2024
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Despite Fast-paced Momentum, Allegiant Travel (ALGT) Is Still a Bargain Stock
- Allegiant Travel (ALGT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 10/28/2024
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Analysts Estimate Allegiant Travel (ALGT) to Report a Decline in Earnings: What to Look Out for
- Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/23/2024
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Allegiant Reports September 2024 Traffic
- LAS VEGAS , Oct. 22, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for September 2024 as well as the third quarter of 2024. Scheduled Service – Year Over Year Comparison September 2024 September 2023 Change Passengers 969,844 988,981 (1.9 %) Revenue passenger miles (000) 844,968 868,742 (2.7 %) Available seat miles (000) 1,014,201 1,049,538 (3.4 %) Load factor 83.3 % 82.8 % 0.5pts Departures 6,796 6,949 (2.2 %) Average stage length (miles) 851 855 (0.5 %) 3Q24 3Q23 Change Passengers 4,195,572 4,234,196 (0.9 %) Revenue passenger miles (000) 3,701,747 3,744,225 (1.1 %) Available seat miles (000) 4,326,870 4,280,034 1.1 % Load factor 85.6 % 87.5 % (1.9pts) Departures 28,519 28,040 1.7 % Average stage length (miles) 863 864 (0.1 %) Total System* – Year Over Year Comparison September 2024 September 2023 Change Passengers 1,002,903 1,027,410 (2.4 %) Available seat miles (000) 1,088,433 1,124,038 (3.2 %) Departures 7,419 7,581 (2.1 %) Average stage length (miles) 835 839 (0.4 %) 3Q24 3Q23 Change Passengers 4,256,249 4,292,031 (0.8 %) Available seat miles (000) 4,501,532 4,433,767 1.5 % Departures 29,884 29,251 2.2 % Average stage length (miles) 856 858 (0.2 %) *Total system includes scheduled service and fixed fee contract.
- 10/22/2024
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Is Allegiant (ALGT) a Great Value Stock Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 10/21/2024
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Buy These 3 Airline Stocks to Capitalize on Solid Industry Trends
- Upbeat passenger volumes bode well for the Zacks Transportation- Airline industry. Stocks like RYAAY, LUV and ALGT appear to be good bets currently.
- 10/14/2024
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Unlock Your Portfolio Value With These 4 High Earnings Yield Stocks
- Add value to your portfolio with high earnings yield stocks like GOLD, CPRX, ALGT and AMX amid market uncertainty.
- 10/14/2024
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Will Allegiant Travel (ALGT) Beat Estimates Again in Its Next Earnings Report?
- Allegiant Travel (ALGT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/10/2024
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ALLEGIANT TRAVEL COMPANY SCHEDULES THIRD QUARTER 2024 EARNINGS CALL
- LAS VEGAS , Oct. 9, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2024 financial results conference call for Wednesday, October 30 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 10/09/2024
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Allegiant Releases 2023 Sustainability Report
- LAS VEGAS , Oct. 8, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT), today announced the publication of its third-annual Sustainability Report. Last year, Allegiant announced goals to accelerate sustainability initiatives throughout the business to better serve its employees, customers, shareholders and communities.
- 10/08/2024
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Allegiant Gains 25.7% in a Month: What Should Investors Do Now?
- With ALGT's shares appreciating lately, we assess the current positioning of the stock to determine if it's a good investment choice at this juncture.
- 09/30/2024
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Airline Stocks Report August Traffic Numbers: An Analysis
- Here, we present the traffic numbers for August 2024 for three airline companies ??? Ryanair Holdings (RYAAY), Copa Holdings (CPA) and Allegiant (ALGT).
- 09/25/2024
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Allegiant Shares Up 6.39% on Improved Third-Quarter Outlook
- ALGT now anticipates third-quarter 2024 fuel cost per gallon to be $2.70 (prior view: $2.80).
- 09/23/2024
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Allegiant Reports August 2024 Traffic
- LAS VEGAS , Sept. 20, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2024.
- 09/20/2024
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New Strong Sell Stocks for September 12th
- AGRO, AZUL and ALGT have been added to the Zacks Rank #5 (Strong Sell) List on September 12, 2024.
- 09/12/2024
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Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 09/09/2024
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Allegiant Announces Resignation of Executive Vice President and Chief Marketing Officer Scott DeAngelo
- LAS VEGAS , Sept. 5, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that Scott DeAngelo, executive vice president and chief marketing officer, has resigned.
- 09/05/2024
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5 Broker-Loved Stocks to Watch as Easing Inflation Lifts Rate Cut Bets
- Investors would do well to monitor broker-loved stocks like ASIX, ALGT, CVI, WBD and DXC for high returns.
- 09/05/2024
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Airline Stocks Reports July Traffic Numbers: An Analysis
- While Copa Holdings (CPA) and Ryanair Holdings (RYAAY) report impressive traffic numbers for July 2024, Allegiant (ALGT) posts dull numbers.
- 08/26/2024
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Here's Why You Should Retain Allegiant Travel (ALGT) Stock
- Allegiant Travel's (ALGT) proactive measures to expand its fleet are praiseworthy. However, elevated labor and fuel costs are hurting the company's prospects.
- 08/23/2024
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Allegiant (ALGT) Posts Unimpressive July Traffic Numbers
- Allegiant's (ALGT) load factor for July 2024 came in at 87.5%.
- 08/21/2024
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Allegiant Reports July 2024 Traffic
- LAS VEGAS , Aug. 20, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2024. Scheduled Service – Year Over Year Comparison July 2024 July 2023 Change Passengers 1,897,963 1,934,464 (1.9 %) Revenue passenger miles (000) 1,683,321 1,711,901 (1.7 %) Available seat miles (000) 1,923,205 1,877,266 2.4 % Load factor 87.5 % 91.2 % (3.7pts) Departures 12,580 12,252 2.7 % Average stage length (miles) 870 867 0.3 % Total System* - Year Over Year Comparison July 2024 July 2023 Change Passengers 1,908,813 1,943,900 (1.8 %) Available seat miles (000) 1,968,720 1,907,384 3.2 % Departures 12,912 12,459 3.6 % Average stage length (miles) 868 866 0.2 % *Total system includes scheduled service and fixed fee contract.
- 08/20/2024
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Allegiant Air: A Budget Carrier At Budget Prices
- Allegiant Air stock is undervalued, down -55% YTD and trading at a 12-year low, with potential for significant growth and profitability. Q2 results show operating improvements, cost stabilization, and revenue growth potential, despite ongoing challenges in the industry. ALGT's balance sheet provides a substantial margin of safety, with strong asset value, manageable debt, and potential acquisition interest from competitors.
- 08/14/2024
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Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
- 08/13/2024
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Allegiant Claims Top Spot in USA TODAY's Readers' Choice Awards for Best Airline Credit Card and Best Frequent Flyer Program
- Allegiant Rewards Visa® Is Top Ranked For Sixth Consecutive Year LAS VEGAS , Aug. 7, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) travelers have spoken, and their customer satisfaction and loyalty has propelled the airline to new heights once again. The premier airline for leisure travel, connecting small to medium-sized cities to top vacation destinations, has been named as the number one Best Airline Credit Card and Best Frequent Flyer program in USA TODAY's 10Best 2024 Readers' Choice Awards.
- 08/07/2024
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Allegiant Travel Company (ALGT) Q2 2024 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Sherry Wilson – Managing Director-Investor Relations Maury Gallagher – Executive Chairman and Chief Executive Officer Greg Anderson – President and Incoming Chief Executive Officer Scott DeAngelo – Executive Vice President and Chief Marketing Officer Drew Wells – Senior Vice President and Chief Revenue Officer Robert Neal – Senior Vice President and Chief Financial Officer Micah Richins – President-Sunseeker Resorts Conference Call Participants Shannon Doherty – Deutsche Bank Katherine Kallergis – Morgan Stanley Scott Group – Wolfe Research Savi Syth – Raymond James Conor Cunningham – Melius Research Duane Pfennigwerth – Evercore Dan McKenzie – Seaport Global Andrew Didora – Bank of America Operator Thank you for standing by. My name is Amy, and I will be your conference operator for today.
- 07/31/2024
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Allegiant Travel (ALGT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
- The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 07/31/2024
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Allegiant Travel (ALGT) Tops Q2 Earnings and Revenue Estimates
- Allegiant Travel (ALGT) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $4.35 per share a year ago.
- 07/31/2024
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ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2024 FINANCIAL RESULTS
- Second quarter 2024 GAAP diluted earnings per share of $0.75 Second quarter 2024 diluted earnings per share, excluding special charges, of $1.77 (1)(3) Second quarter 2024 airline only diluted earnings per share, excluding special charges, of $2.24 (1)(3) ANNOUNCED STRATEGIC REVIEW OF SUNSEEKER RESORT LAS VEGAS , July 31, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 666.3 $ 683.8 (2.6) % Total operating expense 631.4 550.4 14.7 % Operating income 34.9 133.4 (73.8) % Income before income taxes 18.0 116.3 (84.5) % Net income 13.7 88.5 (84.5) % Diluted earnings per share 0.75 4.80 (84.4) % Sunseeker special charges, net of recoveries (3) (2.0) (11.2) 82.1 % Airline special charges (3) 20.1 — NM Net income, excluding special charges net of recoveries (1)(3) 32.5 80.2 (59.5) % Diluted earnings per share excluding special charges net of recoveries (1)(3) 1.77 4.35 (59.3) % Airline only Three Months Ended June 30, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 649.5 $ 683.8 (5.0) % Airline operating expense 602.5 556.3 8.3 % Airline operating income 47.0 127.5 (63.1) % Airline income before income taxes 35.5 110.4 (67.8) % Airline special charges (3) 20.1 — NM Airline net income, excluding special charges (1)(3) 41.0 84.2 (51.3) % Airline operating margin, excluding special charges (1)(3) 10.3 % 18.6 % (8.3) Airline diluted earnings per share, excluding special charges (1)(3) 2.24 4.57 (51.0) % Consolidated Six Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 1,322.7 $ 1,333.5 (0.8) % Total operating expense 1,272.3 1,105.2 15.1 % Operating income 50.3 228.3 (78.0) % Income before income taxes 16.7 190.8 (91.2) % Net income 12.8 144.6 (91.1) % Diluted earnings per share 0.68 7.84 (91.3) % Sunseeker special charges, net of recoveries (3) (3.8) (12.8) 70.3 % Airline special charges (3) 35.0 — NM Net income, excluding special charges net of recoveries (1)(3) 42.9 135.6 (68.4) % Diluted earnings per share excluding special charges net of recoveries (1)(3) 2.34 7.35 (68.2) % Airline only Six Months Ended June 30, Percent Change(2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 1,282.0 $ 1,333.5 (3.9) % Airline operating expense 1,210.8 1,108.4 9.2 % Airline operating income 71.2 225.1 (68.4) % Airline income before income taxes 48.0 189.2 (74.6) % Airline special charges (3) 35.0 — NM Airline net income, excluding special charges (1)(3) 60.8 144.2 (57.8) % Airline operating margin, excluding special charges (1)(3) 8.3 % 16.9 % (8.6) Airline diluted earnings per share, excluding special charges (1)(3) 3.31 7.81 (57.6) % (1) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures.
- 07/31/2024
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Allegiant Announces Strategic Review of Sunseeker Resort
- Company engages Prospect Hotel Advisors for their specialized expertise LAS VEGAS , July 31, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today it has retained global hospitality asset management firm Prospect Hotel Advisors, LLC to conduct a strategic review of its hotel, Sunseeker Resort Charlotte Harbor. The recently opened resort, located in Southwest Florida, is a wholly owned subsidiary of Allegiant Travel Company and is Florida's premier gulf coast oasis, offering magnificent views, amazing pools, world class restaurants, championship golf, a full-service spa and many other amenities.
- 07/31/2024
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What's in Store for Allegiant Travel (ALGT) in Q2 Earnings?
- High fuel costs are likely to have hurt Allegiant Travel's (ALGT) bottom-line performance in Q2.
- 07/30/2024
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Allegiant Surprises Aspiring Pilot with a $34,000 Aviation Scholarship to Attend Dream University
- LAS VEGAS , July 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT), in partnership with the Boys & Girls Club of America, today announced Jill Prime, 17, as the recipient of the airline's Careers in Aviation scholarship. Jill will receive $34,000 from Allegiant, which she will use to pay for tuition and expenses as she pursues her bachelor's degree at Embry-Riddle Aeronautical University.
- 07/29/2024
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Allegiant Reports June 2024 Traffic
- LAS VEGAS , July 25, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2024. Scheduled Service – Year Over Year Comparison June 2024 June 2023 Change Passengers 1,830,067 1,802,886 1.5 % Revenue passenger miles (000) 1,612,782 1,590,984 1.4 % Available seat miles (000) 1,862,875 1,766,164 5.5 % Load factor 86.6 % 90.1 % (3.5 pts) Departures 12,217 11,530 6.0 % Average stage length (miles) 868 868 0.0 % 2 nd Quarter 2024 2 nd Quarter 2023 Change Passengers 4,572,769 4,719,623 (3.1 %) Revenue passenger miles (000) 4,108,288 4,278,399 (4.0 %) Available seat miles (000) 4,848,017 4,925,194 (1.6 %) Load factor 84.7 % 86.9 % (2.2 pts) Departures 31,128 31,487 (1.1 %) Average stage length (miles) 885 887 (0.2 %) Total System* - Year Over Year Comparison June 2024 June 2023 Change Passengers 1,849,172 1,814,041 1.9 % Available seat miles (000) 1,931,393 1,805,699 7.0 % Departures 12,639 11,816 7.0 % Average stage length (miles) 870 866 0.5 % 2 nd Quarter 2024 2 nd Quarter 2023 Change Passengers 4,621,848 4,755,981 (2.8 %) Available seat miles (000) 5,013,209 5,053,547 (0.8 %) Departures 32,252 32,396 (0.4 %) Average stage length (miles) 883 884 (0.1 %) *Total system includes scheduled service and fixed fee contract.
- 07/25/2024
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New Strong Sell Stocks for July 25th
- ALGT, CRC and MP have been added to the Zacks Rank #5 (Strong Sell) List on July 25, 2024.
- 07/25/2024
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Analysts Estimate Allegiant Travel (ALGT) to Report a Decline in Earnings: What to Look Out for
- Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/24/2024
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Allegiant Travel (ALGT) to Have a New CEO From September
- Anderson brings immense experience to the table, having joined Allegiant Travel (ALGT) in 2010.
- 07/19/2024
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Allegiant Announces President Greg Anderson as Next CEO
- Maurice J. Gallagher to transition to Executive Chairman LAS VEGAS , July 18, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) announced today that Gregory C. Anderson has been named CEO and President of the Company succeeding Maurice J.
- 07/18/2024
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Allegiant Announces Eight New Routes with One-Way Fares as Low as $39*
- The Airline Offers New Low-Cost Travel Options to Popular Destinations in 13 Cities LAS VEGAS , July 16, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced eight new nonstop routes to 13 cities around the country. To celebrate, the company is offering one-way fares on the new routes as low as $39.
- 07/16/2024
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Allegiant Travel Company Schedules Second Quarter 2024 Earnings Call
- LAS VEGAS , July 11, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2024 financial results conference call for Wednesday, July 31 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 07/11/2024
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5 Broker-Loved Stocks to Keep an Eye on in the Current Scenario
- Investors would do well to keep a tab on stocks like Air Transport Services (ATSG), Allegiant Travel (ALGT), ABM Industries (ABM), American Axle (AXL) and Warner Bros. (WBD).
- 07/02/2024
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Allegiant (ALGT) Posts Unimpressive May Traffic Numbers
- Allegiant's (ALGT) load factor for May 2024 came in at 84.8%.
- 06/28/2024
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ALLEGIANT REPORTS MAY 2024 TRAFFIC
- LAS VEGAS , June 28, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2024. Scheduled Service – Year Over Year Comparison May 2024 May 2023 Change Passengers 1,414,692 1,405,428 0.7 % Revenue passenger miles (000) 1,263,087 1,270,338 (0.6 %) Available seat miles (000) 1,489,477 1,478,396 0.7 % Load factor 84.8 % 85.9 % (1.1) pts Departures 9,615 9,489 1.3 % Average stage length (miles) 882 884 (0.2 %) Total System* - Year Over Year Comparison May 2024 May 2023 Change Passengers 1,428,599 1,417,520 0.8 % Available seat miles (000) 1,538,208 1,527,737 0.7 % Departures 9,976 9,828 1.5 % Average stage length (miles) 877 881 (0.5 %) *Total system includes scheduled service and fixed fee contract.
- 06/28/2024
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Allegiant Named by Customers as Best Low-Cost Airline in North America at the 2024 World Airline Awards
- LAS VEGAS , June 26, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has been named 2024's Best Low-Cost Airline in North America by Skytrax, the international air transport rating organization. Allegiant's President Gregory C.
- 06/26/2024
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Chief Information Officer Robert P. Wilson III Retires from Allegiant
- LAS VEGAS , June 10, 2024 /PRNewswire/ -- Today, Allegiant Travel Company (NASDAQ: ALGT) announced Robert P. Wilson III will retire as the company's chief information officer effective July 1.
- 06/10/2024
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Why Is Allegiant Travel (ALGT) Up 1% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 06/06/2024
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Allegiant (ALGT) Posts Unimpressive April Traffic Numbers
- Allegiant's (ALGT) load factor for April 2024 drops to 82.4%, reflecting a decline of 1.9 points year over year.
- 05/30/2024
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ALLEGIANT REPORTS APRIL 2024 TRAFFIC
- LAS VEGAS , May 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2024. Scheduled Service – Year Over Year Comparison April 2024 April 2023 Change Passengers 1,328,010 1,511,309 (12.1 %) Revenue passenger miles (000) 1,232,419 1,417,077 (13.0 %) Available seat miles (000) 1,495,665 1,680,635 (11.0 %) Load factor 82.4 % 84.3 % (1.9) pts Departures 9,296 10,468 (11.2 %) Average stage length (miles) 911 911 0.0 % Total System* - Year Over Year Comparison April 2024 April 2023 Change Passengers 1,344,077 1,524,420 (11.8 %) Available seat miles (000) 1,543,609 1,720,040 (10.3 %) Departures 9,637 10,752 (10.4 %) Average stage length (miles) 907 908 (0.1 %) *Total system includes scheduled service and fixed fee contract.
- 05/29/2024
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Allegiant Salutes our Military Members and Veterans with Benefits for Passengers and Team Members
- The airline offers exclusive benefits and support programs through various initiatives LAS VEGAS , May 23, 2024 /PRNewswire/ -- As Memorial Day approaches, Allegiant (NASDAQ: ALGT) proudly supports and celebrates our U.S. active duty military, retired military veterans, members of the National Guard, military reserve and their dependents by offering select complimentary services and career support programs. "Allegiant celebrates the selfless sacrifices made by our troops and veterans.
- 05/23/2024
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Allegiant (ALGT) Grapples With Rising Expenses and High Debt
- Rising operating expenses and a debt-laden balance sheet limit Allegiant's (ALGT) bottom-line growth.
- 05/22/2024
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New Strong Sell Stocks for May 21st
- DDD, ADNT and ALGT have been added to the Zacks Rank #5 (Strong Sell) List on May 21, 2024.
- 05/21/2024
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U.S. travelers are hungry for international travel. These stocks will likely benefit.
- U.S. airlines are looking at fairly blue skies this summer, with legacy air carriers likely to fare better than low-cost airlines as they may catch tailwinds from the Paris Summer Olympics and the stronger demand for international travel.
- 05/20/2024
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Allegiant (ALGT) Stock Up 1.2% on Q1 Earnings & Revenue Beat
- Allegiant's (ALGT) first-quarter 2024 earnings decrease year over year while revenues increase.
- 05/10/2024
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Allegiant Travel Company Stock Fails To Impress: Is There Upside?
- Allegiant Travel Company's first quarter results beat analyst estimates by $11.18 million on the top line and $0.12 on EPS. The company's new Sunseeker Resort is facing challenges in its initial stages, but has potential for growth. ALGT's performance in the airline segment was underwhelming, with declining revenues and increasing costs.
- 05/10/2024
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Allegiant Earns No. 3 Spot in J.D.
- The airline was also named the No. 1 ULCC LAS VEGAS , May 9, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has been named one of the top three airlines, and number one ULCC, by customers, according to the J.D.
- 05/09/2024
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Allegiant Travel Company (ALGT) Q1 2024 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q1 2024 Earnings Conference Call May 7, 2024 12:30 PM ET Company Participants Sherry Wilson - Managing Director of Investor Relations Maury Gallagher - Executive Chairman and CEO Greg Anderson - President Micah Richins - President of Sunseeker Resorts Scott DeAngelo - EVP and Chief Marketing Officer Drew Wells - SVP and Chief Revenue Officer Robert Neal - SVP and Chief Financial Officer Conference Call Participants Helane Becker - TD Cowen Ravi Shanker - Morgan Stanley Andrew Didora - Bank of America Duane Pfennigwerth - Evercore ISI Scott Group - Wolfe Research Mike Linenberg - Deutsche Bank Dan McKenzie - Seaport Global Operator Thank you for standing by. My name is Dee, and I will be your conference operator today.
- 05/07/2024
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Compared to Estimates, Allegiant Travel (ALGT) Q1 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Allegiant Travel (ALGT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 05/07/2024
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ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2024 FINANCIAL RESULTS
- First quarter 2024 GAAP diluted loss per share of $(0.07) First quarter 2024 diluted earnings per share, excluding special charges of $0.57 (1)(4)(5) First quarter 2024 airline only diluted earnings per share, excluding special charges of $1.08 (1)(4)(6) LAS VEGAS , May 7, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2024, as well as comparisons to the prior year: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2024 2023 YoY Total operating revenue $ 656.4 $ 649.7 1.0 % Total operating expense 641.0 554.9 15.5 % Operating income 15.4 94.8 (83.8) % Income (loss) before income taxes (1.3) 74.4 NM Net income (loss) (0.9) 56.1 NM Diluted earnings (loss) per share (0.07) 3.09 NM Sunseeker special charges, net of recoveries (4) (1.8) (1.6) NM Airline special charges (4) 14.9 — NM Net income, excluding special charges net of recoveries (1)(3)(5) 10.4 55.3 (81.2) % Diluted earnings per share excluding special charges net of recoveries (1)(3)(5) 0.57 3.04 (81.3) % Airline only Three Months Ended March 31, Percent Change (2) (unaudited) (in millions, except per share amounts) 2024 2023 YoY Airline operating revenue $ 632.5 $ 649.7 (2.6) % Airline operating expense 608.3 552.1 10.2 % Airline operating income 24.2 97.6 (75.2) % Airline income before income taxes 12.5 78.9 (84.2) % Airline net income (1)(3) 11.4 59.9 (81.0) % Airline special charges (4) 14.9 — NM Airline net income, excluding special charges (1)(3)(6) 19.8 59.9 (66.9) % Airline operating margin, excluding special charges (1)(6) 6.2 % 15.0 % (8.8) Airline diluted earnings per share, excluding special charges (1)(3)(6) 1.08 3.30 (67.3) % (1) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures.
- 05/07/2024
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What's in Store for Allegiant Travel (ALGT) in Q1 Earnings?
- High fuel costs are likely to have hurt Allegiant Travel's (ALGT) bottom-line performance in Q1.
- 05/02/2024
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ALLEGIANT TRAVEL COMPANY SCHEDULES FIRST QUARTER 2024 EARNINGS CALL
- LAS VEGAS , April 30, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2024 financial results conference call for Tuesday, May 7 at 12:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 04/30/2024
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ALLEGIANT REPORTS MARCH 2024 TRAFFIC
- LAS VEGAS , April 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2024. Scheduled Service – Year Over Year Comparison March 2024 March 2023 Change Passengers 1,649,826 1,676,400 (1.6 %) Revenue passenger miles (000) 1,569,978 1,589,454 (1.2 %) Available seat miles (000) 1,828,212 1,802,132 1.4 % Load factor 85.9 % 88.2 % (2.3 pts) Departures 11,075 11,119 (0.4 %) Average stage length (miles) 930 916 1.5 % 1st Quarter 2024 1st Quarter 2023 Change Passengers 4,069,519 4,122,196 (1.3 %) Revenue passenger miles (000) 3,883,810 3,925,362 (1.1 %) Available seat miles (000) 4,636,922 4,573,766 1.4 % Load factor 83.8 % 85.8 % (2.0 pts) Departures 28,177 28,273 (0.3 %) Average stage length (miles) 926 915 1.2 % Total System* - Year Over Year Comparison March 2024 March 2023 Change Passengers 1,668,252 1,691,039 (1.3 %) Available seat miles (000) 1,892,229 1,850,874 2.2 % Departures 11,585 11,557 0.2 % Average stage length (miles) 921 906 1.7 % 1st Quarter 2024 1st Quarter 2023 Change Passengers 4,104,860 4,148,453 (1.1 %) Available seat miles (000) 4,771,971 4,677,622 2.0 % Departures 29,225 29,145 0.3 % Average stage length (miles) 919 908 1.2 % *Total system includes scheduled service and fixed fee contract.
- 04/29/2024
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Analysts Estimate Allegiant Travel (ALGT) to Report a Decline in Earnings: What to Look Out for
- Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/24/2024
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Allegiant Flight Attendants Vote to Approve New Labor Contract
- Agreement between Allegiant and TWU Local 577 members overwhelmingly ratified by flight attendants LAS VEGAS , April 16, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that the company and the Transport Workers Union of America, AFL-CIO Local 577, representing Allegiant's flight attendants, have ratified a new five-year agreement with immediate wage increases ranging from 20 to 41.2 percent. The tentative agreement was ratified by Allegiant flight attendants with a 89 percent approval vote and 97 percent of members voting.
- 04/16/2024
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Here's Why You Should Retain Allegiant Travel (ALGT) Stock
- Allegiant Travel (ALGT) benefits from robust air travel demand and fleet expansions. However, high labor and fuel expenses impede bottom-line progress.
- 04/03/2024
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Here is What to Know Beyond Why Allegiant Travel Company (ALGT) is a Trending Stock
- Allegiant Travel (ALGT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 04/03/2024
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Allegiant (ALGT) February Traffic Increases From 2023 Levels
- Allegiant's (ALGT) load factor for February 2024 came in at 84%.
- 04/01/2024
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ALLEGIANT REPORTS FEBRUARY 2024 TRAFFIC
- LAS VEGAS, March 29, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for February 2024. "First quarter demand continued the trend of outperformance during peak weeks offset by a normalized off-peak demand profile," stated Drew Wells, Allegiant chief revenue officer.
- 03/29/2024
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Allegiant Travel (ALGT) Advances While Market Declines: Some Information for Investors
- In the closing of the recent trading day, Allegiant Travel (ALGT) stood at $72.40, denoting a +0.55% change from the preceding trading day.
- 03/22/2024
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ALLEGIANT ANNOUNCES TENTATIVE AGREEMENT FOR FLIGHT ATTENDANTS WITH THE TRANSPORT WORKERS UNION OF AMERICA, AFL-CIO
- LAS VEGAS , March 22, 2024 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) and The Transport Workers Union of America, AFL-CIO Local 577 announce they have reached a tentative agreement on all remaining open issues for the successor to the parties' first collective bargaining agreement. The parties' first collective bargaining agreement became amendable on December 21, 2022, and Allegiant and the TWU were able to secure the new five-year tentative agreement in just over a year and a half of bargaining by building on their strong positive working relationship.
- 03/22/2024
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Is Trending Stock Allegiant Travel Company (ALGT) a Buy Now?
- Zacks.com users have recently been watching Allegiant (ALGT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 03/20/2024
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Allegiant Travel (ALGT) Advances While Market Declines: Some Information for Investors
- Allegiant Travel (ALGT) closed the most recent trading day at $67.61, moving +0.84% from the previous trading session.
- 03/15/2024
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Allegiant Air Elevates Inflight Experience with Spring Menu Updates
- Passengers can now enjoy more familiar favorites and brand new offerings LAS VEGAS, March 14, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) invites passengers to indulge in its new Spring inflight menu options. This update, designed to enhance the onboard experience, includes familiar favorites and brand-new offerings, ensuring a delightful journey for travelers.
- 03/14/2024
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Allegiant Travel (ALGT) Suffers a Larger Drop Than the General Market: Key Insights
- Allegiant Travel (ALGT) reachead $72.49 at the closing of the latest trading day, reflecting a -0.67% change compared to its last close.
- 03/08/2024
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Is Most-Watched Stock Allegiant Travel Company (ALGT) Worth Betting on Now?
- Allegiant Travel (ALGT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 03/06/2024
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Here's Why Investors Should Retain Allegiant (ALGT) Stock Now
- Buoyant air travel demand lifts Allegiant (ALGT). However, high expenses are a concern.
- 02/29/2024
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Allegiant (ALGT) Posts Unimpressive January Traffic Numbers
- Allegiant's (ALGT) load factor for January 2024 came in at 80.7%.
- 02/28/2024
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Allegiant Travel Company (ALGT) is Attracting Investor Attention: Here is What You Should Know
- Allegiant Travel (ALGT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 02/22/2024
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Allegiant (ALGT) Stock Up 4.3% on Q4 Earnings & Revenue Beat
- Allegiant's (ALGT) fourth-quarter 2023 earnings and revenues decrease year over year.
- 02/08/2024
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Allegiant Travel Company (ALGT) Q4 2023 Earnings Call Transcript
- Allegiant Travel Company (ALGT) Q4 2023 Earnings Call Transcript
- 02/05/2024
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Allegiant Travel (ALGT) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 02/05/2024
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Allegiant Travel (ALGT) Q4 Earnings and Revenues Top Estimates
- Allegiant Travel (ALGT) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.67 per share. This compares to earnings of $3.17 per share a year ago.
- 02/05/2024
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Is a Surprise Coming for Allegiant (ALGT) This Earnings Season?
- Allegiant (ALGT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/02/2024
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Insights Into Allegiant Travel (ALGT) Q4: Wall Street Projections for Key Metrics
- Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Allegiant Travel (ALGT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
- 01/31/2024
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Allegiant (ALGT) to Report Q4 Earnings: What's in Store?
- Allegiant's (ALGT) Q4 performance is expected to have been hurt by high fuel costs.
- 01/31/2024
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Allegiant (ALGT) December Traffic Falls From Year-Ago Levels
- Allegiant (ALGT) scheduled traffic falls 6.8% from December 2022 levels.
- 01/30/2024
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Allegiant Travel (ALGT) Expected to Beat Earnings Estimates: Should You Buy?
- Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/29/2024
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3 Airline Stocks Likely to Surpass Q4 Earnings Estimates
- Airline stocks such as Allegiant Travel (ALGT), Spirit Airlines (SAVE) and Frontier Group Holdings (ULCC) are likely to have benefited from upbeat passenger volumes in the fourth quarter.
- 01/25/2024
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ALLEGIANT TRAVEL COMPANY SCHEDULES FOURTH QUARTER AND FULL-YEAR 2023 EARNINGS CALL
- LAS VEGAS , Jan. 24, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its fourth quarter and full-year 2023 financial results conference call for Monday, February 5 at 12:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 01/24/2024
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Allegiant Travel (ALGT) Rises But Trails Market: What Investors Should Know
- In the most recent trading session, Allegiant Travel (ALGT) closed at $74.95, indicating a +0.67% shift from the previous trading day.
- 01/19/2024
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Why Allegiant Travel (ALGT) Stock Might be a Great Pick
- Allegiant Travel (ALGT) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 01/19/2024
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Allegiant Travel (ALGT) Advances While Market Declines: Some Information for Investors
- In the latest trading session, Allegiant Travel (ALGT) closed at $79.17, marking a +1.66% move from the previous day.
- 01/11/2024
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Allegiant Travel (ALGT) Exceeds Market Returns: Some Facts to Consider
- Allegiant Travel (ALGT) reachead $78.99 at the closing of the latest trading day, reflecting a +0.91% change compared to its last close.
- 01/05/2024
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Allegiant (ALGT) November Traffic Increases From 2022 Levels
- Allegiant (ALGT) carries 9.2% more passengers in November 2023 from the year-ago reading.
- 12/29/2023
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Allegiant (ALGT) Enhances Leisure Travel Space With New Resort
- The latest move is expected to strengthen Allegiant's (ALGT) competitive position in the travel industry.
- 12/21/2023
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Allegiant Travel (ALGT) Ascends While Market Falls: Some Facts to Note
- In the closing of the recent trading day, Allegiant Travel (ALGT) stood at $82.25, denoting a +1.33% change from the preceding trading day.
- 12/15/2023
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Allegiant (ALGT) October Traffic Increases From 2022 Levels
- Allegiant's (ALGT) load factor for October 2023 came in at 83.7% owing to upbeat traffic.
- 11/23/2023
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Here's Why Investors Should Avoid Allegiant (ALGT) Stock Now
- Escalating fuel cost scenario does not bode well for Allegiant (ALGT).
- 11/15/2023
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New Strong Sell Stocks for November 8th
- ALGT, CLMT and CMBM have been added to the Zacks Rank #5 (Strong Sell) List on November 8, 2023.
- 11/08/2023
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Allegiant (ALGT) Barely Moves Since Q3 Earnings Miss Estimates
- Allegiant (ALGT) third-quarter 2023 earnings and revenues surge year over year.
- 11/06/2023
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Allegiant Travel Company (ALGT) Q3 2023 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q3 2023 Earnings Conference Call November 2, 2023 12:30 PM ET Company Participants Sherry Wilson - Director-Investor Relations Maurice Gallagher - Executive Chairman & Chief Executive Officer Greg Anderson - President Scott DeAngelo - Executive Vice President & Chief Marketing Officer Drew Wells - Senior Vice President & Chief Revenue Officer Robert Neal - Senior Vice President & Chief Financial Officer Micah Richins - President & Chief Operating Officer, Sunseeker Resorts Conference Call Participants Shannon Doherty - Deutsche Bank Savi Syth - Raymond James Duane Pfennigwerth - Evercore Scott Group - Wolfe Conor Cunningham - Melius Research Andrew Didora - Bank of America Christopher Stathoulopoulos - Susquehanna Financial Group Helane Becker - TD Cowen Catherine O'Brien - Goldman Sachs Ravi Shanker - Morgan Stanley Operator Good morning, and thank you for standing by. Welcome to the Q3 2023 Allegiant Travel Company Earnings Conference Call.
- 11/02/2023
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Why Allegiant Travel Stock Lost Altitude in October
- Allegiant traded down in October as rival airlines painted a gloomy picture about future demand. The company at long last has its Florida resort coming on line, but investors are wondering how strong demand will be once it opens.
- 11/02/2023
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Allegiant Travel (ALGT) Reports Q3 Earnings: What Key Metrics Have to Say
- The headline numbers for Allegiant Travel (ALGT) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 11/02/2023
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Allegiant Travel (ALGT) Stock Declines While Market Improves: Some Information for Investors
- Allegiant Travel (ALGT) reachead $71.31 at the closing of the latest trading day, reflecting a -0.85% change compared to its last close.
- 10/24/2023
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JETS: Airline Stocks Are High Risk With Potential
- JETS: Airline Stocks Are High Risk With Potential
- 10/19/2023
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Allegiant Travel (ALGT) Suffers a Larger Drop Than the General Market: Key Insights
- The latest trading day saw Allegiant Travel (ALGT) settling at $74.52, representing a -0.32% change from its previous close.
- 10/17/2023
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Allegiant Travel (ALGT) Stock Slides as Market Rises: Facts to Know Before You Trade
- The latest trading day saw Allegiant Travel (ALGT) settling at $76.02, representing a -0.38% change from its previous close.
- 10/10/2023
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Allegiant (ALGT) CEO Resigns, Former Boss to Take Up the Role
- John Redmond resigns as Allegiant's (ALGT) CEO after a short stint.
- 10/02/2023
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Ticking Time Bombs: 3 Airline Stocks to Dump Before the Damage Is Done
- The skies haven't exactly been clear for the aviation world. Casting our gaze back, we recall the catastrophic impact of the pandemic, a time when the sector came to an abrupt halt, and carriers had to grapple with long spells of contracted operations.
- 09/27/2023
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Mexico's Airlines Safety Upgrade May Be The Lift Investors Have Been Waiting For
- Mexico's air safety rating was upgraded from Category 2 to Category 1 by the FAA, opening up opportunities for Mexican airlines and their U.S. joint venture partners. The upgrade allows Mexican carriers to expand their U.S. network and attract more investors.
- 09/19/2023
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Is the Options Market Predicting a Spike in Allegiant (ALGT) Stock?
- Investors need to pay close attention to Allegiant (ALGT) stock based on the movements in the options market lately.
- 09/08/2023
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Allegiant Travel Company (ALGT) Is a Trending Stock: Facts to Know Before Betting on It
- Allegiant Travel (ALGT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 08/30/2023
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Allegiant (ALGT) Posts Unimpressive July Traffic Figures
- Allegiant's (ALGT) capacity for scheduled service in July decreased marginally from the year-ago reading.
- 08/25/2023
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Strong Earnings, Troubled Stocks: 3 Companies That May Light Up Volatility Screens
- Equities have pulled back from their late July highs, though the Q2 reporting season has been solid. We spot three firms with unusual corporate event activity. A problem child is back at the top of our volatility watch list, while an airline stock appears to see brighter skies ahead. Finally, one retail firm reports results this week, and it has a lot to live up to.
- 08/21/2023
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Allegiant (ALGT) Extends Deal With Technicians by Two Years
- Allegiant's (ALGT) agreement with its maintenance technicians provides for significant increase in compensation rates and extends the contract by two years till Oct 31, 2028.
- 08/18/2023
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Down -14.3% in 4 Weeks, Here's Why Allegiant Travel (ALGT) Looks Ripe for a Turnaround
- Allegiant Travel (ALGT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 08/11/2023
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3 Airline Stocks to Sell in August Before They Crash and Burn
- As we soar into the year's second half, the seemingly sunny skies for airline stocks appear cloudier. The hot streak in the first half will likely tempt investors to buckle in for a profitable journey.
- 08/09/2023
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Allegiant Travel (ALGT) Surpasses Q2 Earnings and Revenue Estimates
- Allegiant Travel (ALGT) came out with quarterly earnings of $4.35 per share, beating the Zacks Consensus Estimate of $3.63 per share. This compares to earnings of $0.62 per share a year ago.
- 08/02/2023
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What's in the Offing for Allegiant (ALGT) in Q2 Earnings?
- Improving air-travel demand is likely to aid Allegiant (ALGT) second-quarter 2023 results.
- 07/26/2023
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Allegiant (ALGT) Shares Rise 88.5% in YTD Period: Here's Why
- Allegiant's (ALGT) scheduled departures for June 2023 increase 2.3% year over year.
- 07/21/2023
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ALLEGIANT TRAVEL COMPANY SCHEDULES SECOND QUARTER 2023 EARNINGS CALL
- LAS VEGAS , July 20, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2023 financial results conference call for Wednesday, August 2 at 12:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 07/20/2023
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Allegiant Travel: Healthy June Traffic, Ebbing Fuel Costs Benefit EPS, But Questions Remain
- The airline industry saw record traffic over the 4th of July holiday period, with Allegiant Travel Company reporting encouraging June traffic data and year-on-year gains in passenger traffic. Despite positive EPS revisions and a raised 2023 EPS outlook, key risks for ALGT include macro uncertainty, rising labor costs, and ongoing issues with the 737 MAX. While ALGT's valuation is attractive with a low forward non-GAAP P/E and an ultra-cheap EV/EBITDA ratio, I am maintaining a hold rating due to potential macroeconomic uncertainties and labor costs.
- 07/18/2023
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Turbulence aboard Allegiant flight injures 2 passengers, 2 flight attendants
- ST. PETERSBURG, Fla. — Two passengers and two flight attendants were injured when a plane hit turbulence Wednesday while flying from North Carolina to Florida, officials said.
- 07/12/2023
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Why Allegiant Travel (ALGT) is a Top Momentum Stock for the Long-Term
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 07/05/2023
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3 Airline Stocks That Appear to be Solid Bets for 2H23
- Upbeat passenger volumes and low fuel costs are favorable for airlines. Copa (CPA), Allegiant (ALGT) and Ryanair (RYAAY) represent attractive investment options.
- 07/04/2023
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U.S. Airlines Are Too Cheap, Why This Rebound Looks Real
- The US airline industry is expected to regain pre-pandemic profitability due to lower oil prices and higher utilization rates. Airlines trade at a historically cheap multiple of revenue to enterprise value. Growing demand and rationalized competition should lead to better returns on capital in the future.
- 07/03/2023
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5 Stocks With Relative Price Strength Tailwinds at Their Back
- RCL, ALGT, AFYA, CASY and MTW are five stocks with explosive relative price strength.
- 06/30/2023
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3 Airline Stocks Up 10% Year to Date With More Upside Potential
- Considering the buoyant scenario of air travel demand, both domestic and international, investing in airline stocks like CPA, ALGT and ALK can be a prudent move.
- 06/22/2023
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Here's Why Investors Should Buy Allegiant (ALGT) Stock Now
- Rising air-travel demand and strong cash balance are aiding Allegiant (ALGT) stock.
- 06/22/2023
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3 Stocks With Upgraded Broker Ratings for Robust Returns
- As brokers have a deeper insight into stocks, one must follow rating upgrades for solid returns. We choose Abcam (ABCM), Maxeon Solar (MAXN) and Allegiant Travel (ALGT) as these witness rating upgrades.
- 06/21/2023
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3 Transportation Stocks to Add to Your Portfolio Right Now
- We believe that transportation stocks like Copa Holdings (CPA), Allegiant (ALGT) and Triton (TRTN) are worth betting on now.
- 06/20/2023
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Allegiant Travel and SkyWest are two airline stocks analysts say have a chance to outperform the industry — here's why
- Allegiant Travel Company (NASDAQ:ALGT) and SkyWest (NASDAQ:SKYW) Inc shares both closed higher Thursday after earning upgrades from analysts at Deutsche Bank. On Wednesday, analysts upped their rating for the companies to Buy from Hold in a note to clients discussing the airline industry.
- 06/15/2023
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Allegiant (ALGT) Posts Unimpressive May Traffic Figures
- Allegiant's (ALGT) load factor in May declines 0.7 points to 85.9% from the year-ago period's levels.
- 06/15/2023
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4 Transportation Stocks That Appear to be Solid Bets for 2H23
- Copa Holdings (CPA), Allegiant Travel Company (ALGT), Global Ship Lease (GSL) and Textainer Group (TGH) represent attractive investment options.
- 06/15/2023
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Here's Why You Should Retain UPS Stock in Portfolio Now
- Rising demand for online shopping and a solid free cash flow boost UPS. However, increasing capital expenses are worrisome.
- 06/13/2023
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Has Allegiant (ALGT) Outpaced Other Transportation Stocks This Year?
- Here is how Allegiant Travel (ALGT) and Grupo Aeroportuario del Sureste (ASR) have performed compared to their sector so far this year.
- 06/13/2023
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Allegiant Travel (ALGT) Inks a Tentative Deal With TWU
- Allegiant's (ALGT) provisional deal with TWU pertains to significant wage increase and the betterment of retirement benefits, among other perks.
- 06/12/2023
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2 Airline Stocks that Could Fly Higher in June
- Now that we have entered the summer months, there are a few stocks sticking out among the Zacks Transportation-Airline Industry which is currently in the top 16% of over 250 Zacks industries.
- 06/09/2023
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Allegiant Travel (ALGT) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Allegiant Travel (ALGT) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 06/08/2023
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Here's Why Investors Should Buy Allegiant (ALGT) Stock Now
- Solid liquidity and strong air-travel demand boost Allegiant (ALGT) stock.
- 06/06/2023
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3 Airline Stocks to Buy Post IATA's Bullish FY23 Projection
- We believe stocks like Copa Holdings (CPA), Volaris (VLRS) and Allegiant (ALGT) represent compelling investment opportunities at present.
- 06/06/2023
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3 Airline Stocks to Keep a Tab on Amid Rosy Passenger Traffic
- The Zacks Industry Rank for the Transportation-Airline industry paints a bright picture mainly owing to strong passenger volumes. We believe investors should keep an eye on AAL,CPA and ALGT.
- 06/05/2023
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Why Is Allegiant Travel (ALGT) Down 5.3% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 06/02/2023
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3 Transportation Stocks Move Up Over 10% YTD With More Upside
- We believe that transportation stocks like Allegiant (ALGT), Copa Holdings (CPA) and Danaos (DAC) are worth betting on now.
- 06/01/2023
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Allegiant Travel's (ALGT) Contract on Dispatchers Is Ratified
- As many as 95.8% dispatchers of Allegiant Travel (ALGT) vote in favor of the deal.
- 05/29/2023
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Here's Why You Should Retain CSX Stock in Your Portfolio Now
- CSX expects revenue ton miles to grow in the low-single digits in 2023, driven by strong performances in the merchandise and coal units.
- 05/25/2023
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Here's Why Investors May Bet on Allegiant (ALGT) Stock Now
- Allegiant Travel (ALGT) is benefiting from an uptick in air-travel demand.
- 05/24/2023
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Allegiant (ALGT) Shares Rise 30.7% in 6 Months: Here's Why
- Allegiant's (ALGT) scheduled departures for April 2023 increase 1.1% year over year.
- 05/18/2023
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Allegiant (ALGT) Rides on Air Travel Demand, Cost Woes Stay
- Allegiant (ALGT) benefits from a recovery in air-travel demand. Expenses related to fuel prices and other airline capital expenditures weigh on the bottom line.
- 05/16/2023
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2 Stocks Set to Sail Through Any Recession
- Even if we do have a small recession, stocks like ELUXY and ALGT are likely to sail through it.
- 05/08/2023
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Allegiant Travel Company: Buy To Own A Hotel And Airline
- Allegiant Travel Company blasted past analyst estimates. Stock offers an opportunity to own a resort and airline with one investment.
- 05/04/2023
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Allegiant Travel Company (ALGT) Q1 2023 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q1 2023 Results Conference Call May 3, 2023 12:30 PM ET Company Participants Sherry Wilson - Director of Investor Relations John Redmond - Chief Executive Officer Gregory Anderson - President Scott DeAngelo - Executive Vice President and Chief Marketing Officer Drew Wells - Senior Vice President, Chief Revenue Officer Robert Neal - Senior Vice President, Chief Financial Officer Conference Call Participants Michael Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore Partners Conor Cunningham - Melius Research Daniel McKenzie - Seaport Global Securities Helane Becker - TD Cowen Catherine O'Brien - Goldman Sachs Christopher Stathoulopoulos - Susquehanna Financial Group Operator Good day and thank you for standing by. Welcome to the Q1 2023 Allegiant Travel Company Earnings Conference Call.
- 05/03/2023
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Allegiant Travel (ALGT)
- Allegiant Travel (ALGT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/01/2023
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Is Allegiant (ALGT) Stock Undervalued Right Now?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 04/20/2023
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Better Buy: Allegiant Travel vs. Sun Country Airlines
- Allegiant Travel grew profits by a whopping 390% in Q4 of 2022 year over year. Sun Country Airlines' completion factor reached as high as 99.6% last December.
- 04/18/2023
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Allegiant (ALGT) Stock Gains in Thursday's Trading: Here's Why
- Allegiant's (ALGT) load factor for scheduled service improves 1.7 points to 88.2%.
- 04/14/2023
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Is the Options Market Predicting a Spike in Allegiant (ALGT) Stock?
- Investors need to pay close attention to Allegiant (ALGT) stock based on the movements in the options market lately.
- 04/13/2023
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Better Buy: Allegiant Travel or JetBlue Airways Stock?
- Allegiant closed out 2022 with its highest revenue ever. JetBlue expects to deliver its first profitable year since the pandemic.
- 03/28/2023
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Allegiant (ALGT) Shares Rise 21% in 3 Months: Here's Why
- Allegiant (ALGT) carries 13.1% more passengers (systemwide) in February 2023 than the previous year.
- 03/20/2023
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Allegiant Travel (ALGT) Up 1.5% Since Last Earnings Report: Can It Continue?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 03/03/2023
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Up 46% This Year, Can Allegiant Travel Stock Continue Its Ascent?
- The ultra-low-cost carrier finished the year with its best revenue result ever.
- 03/02/2023
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Here's Why You Should Hold Allegiant (ALGT) in Your Portfolio
- Allegiant's (ALGT) fourth-quarter 2022 revenues benefit from growth across Passenger revenues. Escalating fuel costs are limiting bottom-line growth.
- 02/24/2023
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Why Allegiant Travel Stock Is Flying High Today
- Strong demand drove better-than-expected results in the fourth quarter.
- 02/02/2023
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Allegiant (ALGT) Q4 Earnings Top Estimates, Up Year Over Year
- Allegiant's (ALGT) Q4 earnings grow in excess of 100% year over year, owing to soaring air travel demand.
- 02/02/2023
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Allegiant Travel Company (ALGT) Q4 2022 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q4 2022 Results Conference Call February 1, 2023 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations John Redmond - Chief Executive Officer Greg Anderson - President Scott DeAngelo - Executive Vice President & Chief Marketing Officer Drew Wells - Senior Vice President and Chief Revenue Officer Robert Neal - Senior Vice President and Chief Financial Officer Conference Call Participants Catherine O'Brien - Goldman Sachs Daniel McKenzie - Seaport Global Helane Becker - Cowen Securities Brandon Oglenski - Barclays Duane Pfennigwerth - Evercore Partners Michael Linenberg - Deutsche Bank Andrew Didora - Bank of America Merrill Lynch Savi Syth - Raymond James Operator Good day and thank you for standing by. Welcome to the Full Year and Fourth Quarter 2022 Allegiant Travel Company Earnings Call.
- 02/01/2023
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Allegiant Travel (ALGT) Q4 Earnings and Revenues Beat Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of 301.27% and 5.75%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/01/2023
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3 Airline Stocks to Sell to Avoid the Choppy Skies
- After a summer of labor disputes and a winter storm that forced cancellations from sea to shining sea, investors were finally beginning to believe that long positions in airline stocks were ready to take off. However, last week's grounding of all U.S. flights is a reminder that all is not well in the airline industry.
- 01/19/2023
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New Strong Sell Stocks for January 3rd
- AMZN, ALGT and AQN have been added to the Zacks Rank #5 (Strong Sell) List on January 3, 2023.
- 01/03/2023
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Allegiant (ALGT) Dips 2.98% in Yesterday'sTrading: Here's Why
- In November 2022, Allegiant (ALGT) has carried 1.19 million passengers in scheduled service, up 8.4% from the November 2019 actuals.
- 12/21/2022
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Why Are Airline Stocks Down Today?
- Airline stocks are down again on Thursday after companies in the sector saw shares drop earlier this week. The latest news hitting airline stocks today is a new research note from Cowen analyst Helane Becker.
- 12/15/2022
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Can You Get Flight Delay Reimbursement?
- With the holidays upon us, more and more people will be traveling to see family, and friends and enjoy some much-needed vacations. However, with the winter weather upon us as well, travel issues are inevitable.
- 11/28/2022
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Allegiant (ALGT) October 2022 Passenger Volumes Top 2019-Level
- Driven by upbeat traffic, load factor in October 2022 increases 2.4 points to 85.5% from October 2019 actuals at Allegiant (ALGT).
- 11/21/2022
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Allegiant Travel Company (ALGT) Q3 2022 Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations John Redmond - Chief Executive Officer Greg Anderson - President & Chief Financial Officer Scott Sheldon - President and Chief Operating Officer Scott DeAngelo - Executive Vice President & Chief Marketing Officer Drew Wells - Senior Vice President, Revenue & Planning Conference Call Participants Savanthi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Andrew Didora - Bank of America Daniel McKenzie - Seaport Global Conor Cunningham - Melius Research Christopher Stathoulopoulos - Susquehanna International Group Operator Good day, and thank you for standing by. Welcome to the Q3 2022 Allegiant Travel Company Earnings Conference Call.
- 11/02/2022
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Allegiant Travel (ALGT) Reports Q3 Loss, Tops Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of -14.89% and 0.66%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2022
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Why Discount Airlines Frontier, Sun Country, and Allegiant Are Flying High This Week
- A strong earnings report from one low-fare carrier has investors excited about upcoming reports from others.
- 10/27/2022
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These 2 Ultra-Low-Cost Airlines Are Poised for Takeoff
- Despite weather impacts, both of these airlines are in a position to see some upside.
- 10/16/2022
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ALLEGIANT TRAVEL COMPANY SCHEDULES THIRD QUARTER 2022 EARNINGS CALL
- LAS VEGAS , Oct. 14, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2022 financial results conference call for Wednesday, November 2 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 10/14/2022
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Allegiant (ALGT) Cuts Q3 View on Hurricane Ian's Likely Impact
- Allegiant (ALGT) expects third-quarter revenues to increase 27.5% from the third-quarter 2019 actuals.
- 09/30/2022
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Southwest Airlines And Allegiant Air: 2 Airlines To Buy On Cracking Demand And Abnormally High Inflation
- As the cost of living increases, travelers might turn more cost-conscious again. Low-cost carriers are positioned well with ancillary service blocks developed during the pandemic to benefit.
- 09/15/2022
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2 Top Stocks to Buy If Inflation Is Easing
- Source: stockwerk-fotodesign / Shutterstock Is inflation finally cooling off? And if not, when will it finally start to subside?
- 09/13/2022
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Is the Options Market Predicting a Spike in Allegiant (ALGT) Stock?
- Investors need to pay close attention to Allegiant (ALGT) stock based on the movements in the options market lately.
- 09/12/2022
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Which of These 2 Small-Cap Airline Stocks Is a Better Buy?
- After taking a beating for the past year or so, which of these ultra-low-cost carriers is better poised for takeoff?
- 09/10/2022
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Here's Why You Should Retain Allegiant Travel (ALGT) Stock
- In July 2022, Allegiant Travel (ALGT) carries 10.9% more passengers than the three-year ago reading.
- 08/31/2022
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3 Airline Stocks to Buy and Hold for the Long Haul
- Are you looking for airline stocks to buy and hold for the long haul? The current conditions for investing in airline stocks aren't the best despite solid travel demand.
- 08/08/2022
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Allegiant Travel Company (ALGT) CEO John Redmond on Q2 2022 Results - Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Sherry Wilson - Managing Director, Investor Relations John Redmond - Chief Executive Officer Scott DeAngelo - Executive Vice President & Chief Marketing Officer Drew Wells - Senior Vice President, Revenue & Planning Greg Anderson - President & Chief Financial Officer Conference Call Participants Savi Syth - Raymond James Helane Becker - Cowen Scott Group - Wolfe Research Daniel McKenzie - Seaport Global Operator Thank you for standing by. Welcome to the Second Quarter 2022 Allegiant Travel Company Earnings Conference Call.
- 08/03/2022
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Allegiant Travel (ALGT) Matches Q2 Earnings Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of 0% and 0.10%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2022
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Budget airline Allegiant cuts profit outlook on rising costs; stock plunges
- LAS VEGAS — Shares of Allegiant Air's parent company tumbled in after-hours trading Monday after the budget airline gave a disappointing preview of its second-quarter earnings that it said were undercut by higher costs, including fuel.
- 07/25/2022
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ALLEGIANT TRAVEL COMPANY SCHEDULES SECOND QUARTER 2022 EARNINGS CALL
- LAS VEGAS , July 20, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2022 financial results conference call for Wednesday, August 3 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 07/20/2022
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7 Airline Stocks to Sell Now
- These airline stocks to sell are tough to consider during the current macro-economic slump. Effects of the pandemic has impacted the sector.
- 06/28/2022
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7 Airline Stocks to Sell Now
- These airline stocks to sell are tough to consider during the current macro-economic slump. Effects of the pandemic has impacted the sector.
- 06/28/2022
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Allegiant Travel (ALGT) Soars 5.3%: Is Further Upside Left in the Stock?
- Allegiant Travel (ALGT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 06/27/2022
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Allegiant (ALGT) Stock Gains in Friday's Trading: Here's Why
- Allegiant (ALGT) expects Q2 fuel price per gallon to be $4.30.
- 06/20/2022
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Allegiant (ALGT) Stock Gains in Friday's Trading: Here's Why
- Allegiant (ALGT) expects Q2 fuel price per gallon to be $4.30.
- 06/20/2022
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Here's Why You Should Retain Allegiant (ALGT) Stock Now
- Allegiant (ALGT) currently benefits from upbeat air-travel demand and a strong cash position. However, escalating fuel cost is a headwind.
- 06/03/2022
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Allegiant Travel Surges: A Look At Results
- Allegiant Travel saw topline growth being absorbed by growing costs. Airline has cut 10% of its schedule for the second quarter to improve operational reliability.
- 05/27/2022
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Allegiant (ALGT) Incurs Loss in Q1, Revenues Surge 79% Y/Y
- High fuel costs hurt Allegiant's (ALGT) bottom line in the first quarter of 2022. However, significant increase in passenger revenues drive the company's top line in the quarter.
- 05/06/2022
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Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q1 2022 Results - Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT ) Q1 2022 Results Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Sherry Wilson - Director, IR Maury Gallagher - Chairman and CEO John Redmond - President Scott DeAngelo - CMO Drew Wells - SVP, Revenue Greg Anderson - EVP, CFO and Principal Accounting Officer Scott Sheldon - EVP and COO Conference Call Participants Savanthi Syth - Raymond James Mike Linenberg - Deutsche Bank Brandon Oglenski - Barclays Catherine O'Brien - Goldman Sachs Ravi Shanker - Morgan Stanley Scott Group - Wolfe Research Operator [Abrupt Start] Q1 2022 Allegiant Travel Company Earnings Conference Call. My name is John, I'll be the operator for today' call.
- 05/05/2022
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Allegiant Travel (ALGT) Reports Q1 Loss, Tops Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of -220% and 1.10%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/04/2022
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Allegiant Travel (ALGT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
- Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/27/2022
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ALLEGIANT TRAVEL COMPANY SCHEDULES FIRST QUARTER 2022 EARNINGS CALL
- LAS VEGAS , April 25, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2022 financial results conference call for Wednesday, May 4 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 04/25/2022
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7 Airline Stocks to Buy That Should Keep Flying
- Rebounding travel demand and climbing air travel fares should push airline stocks to fresh highs. ATSG, CPA, and ALGT can make great investments.
- 04/19/2022
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New Strong Sell Stocks for April 13th
- AGPYY, ALGT, and AMBA have been added to the Zacks Rank #5 (Strong Sell) List on April 13, 2022.
- 04/13/2022
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Allegiant (ALGT) Jumps on the Fuel Price Hike Bandwagon
- Load factor for February at Allegiant (ALGT) is 77.8%.
- 03/21/2022
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Allegiant Travel (ALGT) Down 24.4% Year to Date: What Ails It?
- High fuel costs are hurting Allegiant Travel's (ALGT) bottom line.
- 03/15/2022
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Airlines slash flights amid rising fuel, oil prices
- Some major passenger carriers are being forced to trim their flying schedules due to the uptick in jet fuel prices, which have been driving by an increase in oil prices.
- 03/09/2022
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Allegiant Travel (ALGT) Appoints John Redmond as the New CEO
- John Redmond will take over the role of Allegiant's (ALGT) chief executive officer from Maurice J. Gallagher, who has been associated with the company for more than a decade.
- 02/08/2022
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Allegiant (ALGT) Q4 Earnings Beat Estimates, Increase Y/Y
- Improvement in air-travel demand boosts Allegiant's (ALGT) fourth-quarter 2021 results.
- 02/03/2022
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Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q4 2021 Earnings Call Transcript
- Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q4 2021 Earnings Call Transcript
- 02/02/2022
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Allegiant Travel (ALGT) Surpasses Q4 Earnings and Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of 4.42% and 4.54%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/02/2022
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Allegiant (ALGT) to Add Nine New Non-Stop Routes This Spring
- Allegiant (ALGT) plans to add nine new non-stop routes to destinations like Nashville, Savannah, Roanoke and San Diego.
- 02/02/2022
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Allegiant (ALGT) Posts Impressive December Traffic Figures
- Allegiant's (ALGT) scheduled load factor expands 24.6 points year over year to 78.8% in December 2021.
- 01/19/2022
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Solid Cash Position Aids Allegiant (ALGT), High Fuel Costs Hurt
- Strong balance sheet aids Allegiant (ALGT). However, rising fuel costs is a concern.
- 01/18/2022
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Allegiant Air: Boeing Wins After Strategic Shift
- Allegiant Air: Boeing Wins After Strategic Shift
- 01/11/2022
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Ultra-low-cost airline Allegiant is flipping its business strategy by buying 50 Boeing 737 MAX jets
- Industry expert Henry Harteveldt told Insider Alleginat's order makes sense because of the jet's impressive operating capabilities.
- 01/06/2022
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Allegiant Air CEO defends new Boeing 737 MAX order
- Allegiant Air executives staged an investor call on Thursday to assuage fears that adding 50 new Boeing Co 737 MAX jets to its fleet of used Airbus jets would undermine the carrier's cost advantage.
- 01/06/2022
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Allegiant Air orders 50 Boeing 737 MAX jets with option for 50 more
- Boeing reached an agreement to sell 50 737 MAX planes to low-cost US carrier Allegiant Air, with an option for another 50, the companies announced Wednesday.
- 01/05/2022
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Allegiant To Buy Boeing Aircraft For The First Time, Orders 50 New 737 Aircraft
- Allegiant Travel Co (NASDAQ: ALGT) inked an agreement with Boeing Co (NYSE: BA) to purchase 50 new 737 MAX aircraft. Financial terms not disclosed.
- 01/05/2022
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Boeing stock gains after Allegiant orders 50 737 MAX jets, with options for another 50 jets
- Shares of Boeing Co. BA, +2.78% rose 0.9% in premarket trading Wednesday, after the aerospace and defense giant said Allegiant Travel Co.'s ALGT, +1.16% Allegiant Air has ordered 50 737 MAX jets, with options to buy an additional 50 jets. Allegiant's stock fell 2.1% ahead of the open.
- 01/05/2022
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Allegiant (ALGT) Posts Stellar November Traffic Figures
- Allegiant's (ALGT) scheduled load factor expands 20 points year over year to 77.6% in November 2021.
- 12/21/2021
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Allegiant (ALGT) to Introduce New Routes for Spring Travel
- Allegiant (ALGT) intends to add nine new non-stop routes to leisure destinations like Arizona and Florida, beginning this spring.
- 12/09/2021
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Allegiant (ALGT) to Commence United States-Mexico Service
- The partnership between Allegiant (ALGT) and Viva Aerobus', on materialization, is expected to widen travel options for passengers between Mexico and the United States.
- 12/03/2021
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Allegiant Steps Up Mexican Entry Via Alliance With Viva Aerobus, Makes $50M Equity Investment
- Allegiant Travel Co (NASDAQ: ALGT) agreed to make an equity investment of $50 million in Viva Aerobus and form a fully-integrated Commercial Alliance Agreement. Allegiant Chairman and CEO Maurice J.
- 12/01/2021
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Goldman Sachs Is Bullish On Allegiant Travel - Read Why
- Goldman Sachs analyst Catherine O'Brien upgraded Allegiant Travel Company (NASDAQ:ALGT) to Buy from Neutral and raised the price target to $250, from $245, representing 32.8% upside. The analyst expects the company to see one of the fastest profitability recoveries in airlines and ultimately produce "top-of-industry" margins.
- 11/16/2021
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Allegiant (ALGT) Reports Stellar October Traffic Figures
- Allegiant's (ALGT) load factor expands 11.6 points year over year to 74.7% in October 2021.
- 11/12/2021
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Allegiant Travel's (ALGT) CEO Maury Gallagher on Q3 2021 Results - Earnings Call Transcript
- Allegiant Travel's (ALGT) CEO Maury Gallagher on Q3 2021 Results - Earnings Call Transcript
- 10/28/2021
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Allegiant Travel: Q3 Earnings Insights
- Allegiant Travel (NASDAQ:ALGT) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:01 PM. Here's what investors need to know about the announcement.
- 10/27/2021
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Allegiant Travel (ALGT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/20/2021
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Allegiant (ALGT) Shares Fall In Spite of Rosy September Traffic
- Allegiant's (ALGT) load factor expands 13.1 points year over year to 70.5% in September 2021.
- 10/19/2021
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Allegiant Board Of Directors Names Sandra Morgan As Newest Member
- LAS VEGAS, Oct. 18, 2021 /PRNewswire/ -- The Board of Directors of Allegiant Travel Company (NASDAQ: ALGT) today announced Sandra Douglass Morgan as its newest member. Morgan, an attorney and former regulator, is currently the owner and manager of Douglass Morgan, LLC, a legal and consulting firm, and is the immediate past chairwoman of the Nevada Gaming Control Board.
- 10/18/2021
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Allegiant Clocks 42.9% Y/Y Growth In September Capacity
- Allegiant Travel Company (NASDAQ: ALGT) September 2021 total system passengers increased 3.7% to 829,029, versus September 2019. Total system passengers improved 71.5% Y/Y, while Available seat miles improved 42.9% and Departures rose 42.2%.
- 10/14/2021
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Castlelake Provides Loan to Allegiant-backed Sunseeker Resort
- MINNEAPOLIS, Oct. 14, 2021 /PRNewswire/ -- Castlelake, L.P. ("Castlelake"), a global alternative investment manager with 16 years of experience investing in asset-rich opportunities, announced today it has provided a loan to Sunseeker, a wholly-owned subsidiary of Allegiant Travel Company (NASDAQ: ALGT), an integrated travel company with the world's leading ultra-low-cost carrier at its core.
- 10/14/2021
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Allegiant Travel Company Schedules Third Quarter 2021 Earnings Call
- LAS VEGAS, Oct. 13, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its third quarter 2021 financial results conference call for Wednesday, October 27 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 10/13/2021
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Read Why Goldman Sachs Is Bearish On Some Airline Stocks Short-Term
- Goldman Sachs analyst Catherine O'Brien downgraded JetBlue Airways, American Airlines and lowered the Price Target for Allegiant Travel and Spirit Airlines. O'Brien remains positive on the path to profitability recovery for the airlines over the medium-term but reduced December quarter and 2022 outlooks as she mark-to-markets for fuel and a worse short-term revenue environment than previously expected.
- 10/06/2021
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Allegiant Offers Special In-Flight Fundraiser During Breast Cancer Awareness Month; Proceeds will Benefit National Breast Cancer Foundation
- LAS VEGAS, Sept. 29, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announced that, through October, it will donate a portion of proceeds from the sale of pink in-flight refreshments to the National Breast Cancer Foundation, Inc.® (NBCF).
- 09/29/2021
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Allegiant Reports August 2021 Traffic
- LAS VEGAS, Sept. 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for August 2021.
- 09/09/2021
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Allegiant Kicks Off Football Season With Raider Nation, Introducing A Sleek Silver & Black Aircraft
- LAS VEGAS, Sept. 8, 2021 /PRNewswire/ -- Executives from the Las Vegas Raiders and McCarran International Airport joined Allegiant (NASDAQ: ALGT) today to introduce the airline's Raiders livery aircraft – a one-of-a-kind sleek Silver & Black jet designed to capture the spirit and strength of Raider Nation.
- 09/08/2021
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Allegiant Announces Exclusive Las Vegas Travel Packages Specially Designed For Football Fans
- LAS VEGAS, Sept. 3, 2021 /PRNewswire/ -- With pro football preparing to kick off its season, Allegiant (NASDAQ: ALGT) is now offering exclusive travel packages to help football fans get to a game of their choice at Allegiant Stadium.
- 09/03/2021
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Here's Why You Should Retain Allegiant (ALGT) Stock Now
- Impressive Q3 guidance aids Allegiant (ALGT) stock. Meanwhile, high fuel cost is hurting bottom-line growth.
- 08/26/2021
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Allegiant (ALGT) Launches Allways Rewards for Leisure Travelers
- Allegiant's (ALGT) Allways Rewards loyalty program is designed for leisure travelers to earn and redeem points on flights, lodging and rental cars as well as on sports, music and other event tickets.
- 08/23/2021
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Allegiant Introduces Allways Rewards - The First Loyalty Program Designed Specifically For Leisure Travelers
- LAS VEGAS, Aug. 19, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today launched the travel company's signature non-credit card loyalty program, Allways Rewards. The first airline loyalty program designed specifically for leisure travelers, Allways brings together the best of tech, travel and retail – providing continuous opportunities for customers to earn and redeem points - without restrictions, blackout dates or mileage tracking.
- 08/19/2021
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Allegiant (ALGT) Posts Stellar July 2021 Traffic Numbers
- Allegiant (ALGT) carries 6.1% more passengers in July 2021 from the level registered in the same month, two years ago.
- 08/12/2021
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Allegiant (ALGT) to Add 22 New Routes, 2 Aircraft & Crew Bases
- Allegiant (ALGT) plans to add 22 new nonstop routes, and two aircraft and crew bases to capitalize on the rebounding leisure air-travel demand.
- 08/11/2021
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Allegiant Reports July 2021 Traffic
- LAS VEGAS , Aug. 11, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2021. Scheduled Service – Year Over Two-Year Comparison July 2021 July 2019 Change Passengers 1,852,193 1,740,997 6.4% Revenue passenger miles (000) 1,591,306 1,483,724 7.3% Available seat miles (000) 1,957,736 1,682,024 16.4% Load factor 81.3% 88.2% (6.9pts) Departures 13,428 11,832 13.5% Average stage length (miles) 834 834 0.0% Total System* - Year Over Two-Year Comparison July 2021 July 2019 Change Passengers 1,857,678 1,750,065 6.1% Available seat miles (000) 1,982,157 1,725,577 14.9% Departures 13,634 12,165 12.1% Average stage length (miles) 832 833 (0.1%) Scheduled Service – Year Over Year Comparison July 2021 July 2020 Change Passengers 1,852,193 894,679 107.0% Revenue passenger miles (000) 1,591,306 768,714 107.0% Available seat miles (000) 1,957,736 1,516,821 29.1% Load factor 81.3% 50.7% 30.6pts Departures 13,428 10,370 29.5% Average stage length (miles) 834 843 (1.1%) Total System* - Year Over Year Comparison July 2021 July 2020 Change Passengers 1,857,678 896,478 107.2% Available seat miles (000) 1,982,157 1,533,852 29.2% Departures 13,634 10,559 29.1% Average stage length (miles) 832 838 (0.7%) *Total system includes scheduled service and fixed fee contract.
- 08/11/2021
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9 Industrial Stocks With 30% Upside
- The industrial economy is humming after a Covid-decimated 2020. Stocks are up, but Wall Street is still bullish on many names.
- 08/10/2021
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Allegiant Announces New Aircraft And Crew Bases In Flint, Michigan And Appleton, Wisconsin
- LAS VEGAS, Aug. 10, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish two new aircraft and crew bases during the first quarter of 2022, at Flint Bishop International Airport (FNT) and Appleton International Airport (ATW). The new bases are lynchpins of the Las Vegas-based airline's growth strategy, facilitating additional routes and flight frequencies for leisure travelers across Allegiant's all-nonstop network.
- 08/10/2021
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Allegiant Announces Major Service Expansion With 22 New Nonstop Routes
- LAS VEGAS, Aug. 10, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces 22 new nonstop routes, expanding service in 25 cities across the United States. To celebrate, Allegiant is offering one-way fares on the new routes as low as $39.
- 08/10/2021
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Sunseeker Resorts Resumes Construction Of Charlotte Harbor Development
- PUNTA GORDA, Fla., Aug. 3, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced construction on Sunseeker Resort Charlotte Harbor will resume this month.
- 08/03/2021
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Allegiant Travel Company Schedules Sunseeker Investor Call
- LAS VEGAS, July 30, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled an investor call for Thursday, August 5 at 12:30 p.m. EDT to discuss the resumption of construction related to its Sunseeker Resort Charlotte Harbor project.
- 07/30/2021
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Allegiant Travel Company's (ALGT) CEO Maury Gallagher on Q2 2021 Results - Earnings Call Transcript
- Allegiant Travel Company's (ALGT) CEO Maury Gallagher on Q2 2021 Results - Earnings Call Transcript
- 07/29/2021
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Allegiant Travel (ALGT) Q2 Earnings Beat Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of 16.89% and -0.11%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2021
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Allegiant Travel Company Second Quarter 2021 Financial Results
- LAS VEGAS, July 28, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2021, as well as comparisons to the prior years: Consolidated Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 472.4 $ 133.3 $ 491.8 254.3 (3.9) Total operating expense 333.6 246.6 383.7 35.3 (13.1) Operating income (loss) 138.9 (113.3) 108.1 222.6 28.4 Income (loss) before income taxes 122.6 (146.4) 91.8 183.7 33.5 Net income (loss) 95.0 (93.1) 70.5 202.1 34.7 Diluted earnings (loss) per share $ 5.49 $ (5.85) $ 4.33 193.8 26.8 Six Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 751.6 $ 542.5 $ 943.4 38.5 (20.3) Total operating expense 588.1 766.8 744.2 (23.3) (21.0) Operating income (loss) 163.5 (224.3) 199.2 172.9 (17.9) Income (loss) before income taxes 131.2 (277.1) 165.7 147.4 (20.8) Net income (loss) 101.9 (126.1) 127.7 180.8 (20.2) Diluted earnings (loss) per share $ 6.04 $ (7.93) $ 7.84 176.2 (23.0) Consolidated - adjusted Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating expense (1) (2) $ 378.6 $ 239.9 $ 383.7 57.8 (1.3) Adjusted operating income (loss) (1) (2) 93.9 (106.6) 108.1 188.1 (13.1) Adjusted income (loss) before income taxes (1) (2) 77.6 (119.9) 91.8 164.7 (15.5) Adjusted net income (loss) (1) (2) 60.0 (94.7) 70.5 163.4 (14.9) Adjusted diluted earnings (loss) per share (1) (2) $ 3.46 $ (5.96) $ 4.33 158.1 (20.1) Six Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating expense (1) (2) $ 716.7 $ 594.0 $ 744.2 20.7 (3.7) Adjusted operating income (loss) (1) (2) 34.9 (51.5) 199.2 167.8 (82.5) Adjusted income (loss) before income taxes (1) (2) 2.6 (77.7) 165.7 103.3 (98.4) Adjusted net income (loss) (1) (2) 2.0 (61.4) 127.7 103.3 (98.4) Adjusted diluted earnings (loss) per share (1) (2) $ 0.12 $ (3.87) $ 7.84 103.1 (98.5) (1) Adjusted numbers exclude COVID related special charges, the net benefit from the payroll support programs (PSPs), and profit sharing bonus accruals since the operating margin threshold to accrue these bonuses would not have been met for the six months ended June 30, 2021 without the benefits of the PSPs (2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information "The second quarter marked the return of leisure demand to pre-pandemic levels," stated Maurice J.
- 07/28/2021
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Allegiant Travel (ALGT) is a Top-Ranked Growth Stock: Should You Buy?
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 07/27/2021
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'Ain't Been No Summer Vacation' For Airline Stocks
- Low-cost airlines are down 25%-40% off their spring highs, approaching prices not seen since January 2021.
- 07/21/2021
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Allegiant Travel (ALGT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/21/2021
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Allegiant Travel Company Schedules Second Quarter 2021 Earnings Call
- LAS VEGAS, July 19, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2021 financial results conference call for Wednesday, July 28 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 07/19/2021
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Why Airline Stocks Are Falling Today
- The pandemic takes another toll.
- 07/19/2021
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Allegiant (ALGT) Posts Excellent June 2021 Traffic Numbers
- Allegiant's (ALGT) load factor expands 20.4 points year over year to 77.7% in June 2021.
- 07/16/2021
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Allegiant Reports June 2021 Traffic
- LAS VEGAS, July 13, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2021 as well as second quarter 2021. "Demand strength persisted throughout the quarter with average daily bookings in excess of the same time period in 2019," stated Gregory Anderson, executive vice president and chief financial officer.
- 07/13/2021
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Airline Earnings Are Coming. Wall Street Is Getting Bearish.
- Delta Air Lines kicks off the reporting season on Wednesday. The sector's outlook is darkening as the Delta variant spreads and jet fuel prices jump.
- 07/12/2021
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Allegiant (ALGT) to Add Routes as Air-Travel Demand Picks Up
- Allegiant (ALGT) to launch non-stop flights on Nov 11, which will connect the Melbourne Orlando International Airport with Pittsburgh.
- 06/30/2021
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Allegiant Reports May 2021 Traffic
- LAS VEGAS, June 15, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2021. "We have been pleased to see leisure demand recovery persist throughout May and into early June," stated Drew Wells, senior vice president, revenue.
- 06/15/2021
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These 3 Airlines Are Going to Take Off in the Next 5 Years
- Air traffic is recovering and expected to boom this summer.
- 06/12/2021
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Why Is Allegiant Travel (ALGT) Down 5.3% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 06/03/2021
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The Sky Appears Sunnier Ahead for U.S. Airlines: Here's Why
- U.S. carriers like United Airlines (UAL) and Allegiant Travel (ALGT) decide to bolster their networks with new routes to meet the highly anticipated demand surge during the imminent summer.
- 06/01/2021
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What 8 Analyst Ratings Have To Say About Allegiant Travel
- Within the last quarter, Allegiant Travel (NASDAQ:ALGT) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 2 0 Somewhat Bullish 1 1 1 1 Indifferent 0 0 0 0 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 In the last 3 months, 8 analysts have offered 12-month price targets for Allegiant Travel. The company has an average price target of $288.25 with a high of $326.00 and a low of $230.00.
- 06/01/2021
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Allegiant (ALGT) to Begin Six New Routes for Summer Travel
- Allegiant (ALGT) plans to commence six nonstop services in summer of 2021 to Florida and the west. Also, the carrier's new offerings include two routes to Phoenix Airport.
- 05/28/2021
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Moderate Fuel Costs Aid Allegiant (ALGT) Amid High Debt
- Allegiant (ALGT) gains on moderate fuel costs that partly offset coronavirus-led revenue declines. Meanwhile, low cash balance is a headwind.
- 05/25/2021
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Allegiant Announces Six New Nonstop Routes To Make Sunny Summer And Fall Vacation Dreams Come True
- LAS VEGAS, May 25, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces six new nonstop routes for summer and fall vacation travel to premier destinations in Florida and the west. The new offerings include two routes to Phoenix Sky Harbor International Airport (PHX), which Allegiant will serve for the first time in its history.
- 05/25/2021
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Allegiant's (ALGT) April 2021 Traffic Down 21.6% From April 2019
- With air-travel demand improving in the United States, Allegiant's (ALGT) load factor in April improves year over year.
- 05/14/2021
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Allegiant (ALGT) to Hire 184 Pilots to Meet Increased Demand
- With air-travel demand continuing to recover, Allegiant (ALGT) intends to hire 184 pilots in the coming months.
- 05/13/2021
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Allegiant Reports April 2021 Traffic
- LAS VEGAS, May 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2021. Scheduled Service – Year Over Two-Year Comparison April 2021 April 2019 Change Passengers 1,009,460 1,268,298 (20.4%) Revenue passenger miles (000) 904,249 1,154,056 (21.6%) Available seat miles (000) 1,417,235 1,425,278 (0.6%) Load factor 63.8% 81.0% (17.2 pts) Departures 9,408 9,305 1.1% Average stage length (miles) 868 895 (3.0%) Total System* - Year Over Two-Year Comparison April 2021 April 2019 Change Passengers 1,016,688 1,281,143 (20.6%) Available seat miles (000) 1,447,376 1,471,005 (1.6%) Departures 9,663 9,653 0.1% Average stage length (miles) 863 891 (3.1%) Scheduled Service – Year Over Year Comparison April 2021 April 2020 Change Passengers 1,009,460 36,342 2,677.7% Revenue passenger miles (000) 904,249 35,179 2,470.4% Available seat miles (000) 1,417,235 182,500 676.6% Load factor 63.8% 19.3% 44.5pts Departures 9,408 1,089 763.9% Average stage length (miles) 868 934 (7.1%) Total System* - Year Over Year Comparison April 20211 April 2020 Change Passengers 1,016,688 38,812 2,519.5% Available seat miles (000) 1,447,376 194,739 643.2% Departures 9,663 1,189 712.7% Average stage length (miles) 863 914 (5.6%) *Total system includes scheduled service and fixed fee contract.
- 05/12/2021
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Terminal Move Sets The Stage For Allegiant's L.A. Expansion
- LAS VEGAS, May 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) is setting the stage for its next phase of growth at Los Angeles International Airport (LAX). The Las Vegas-based airline, which has served LAX since 2009, will relocate its operations to Terminal 1 and the new, state-of-the-art West Gates at Tom Bradley.
- 05/12/2021
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TSA Reports Post-Pandemic Record Screenings: 3 Airline Stocks To Watch
- Airline traffic is one of many industries that has been hurt by the Covid-19 pandemic. TSA screenings are up and airlines that have reported earnings are pointing to strong recoveries and bookings.
- 05/10/2021
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3 Airline Stocks to Watch out for Despite Industry Headwinds
- 3 Airline Stocks to Watch out for Despite Industry Headwinds
- 05/10/2021
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Allegiant Travel Company Announces Pricing Of Common Stock
- LAS VEGAS, May 5, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) ("Allegiant", "we," "us," or "our") has announced that it priced the underwritten public offering of 1,350,000 shares of its common stock (the "Shares" and such offering the "Offering") at a public offering price of $219.00 per Share, for aggregate gross proceeds of $295,650,000.00. Allegiant has granted the underwriters of the Offering a 30-day option to purchase up to 202,500 additional Shares.
- 05/05/2021
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Allegiant (ALGT) Reports Wider-Than-Expected Loss in Q1
- Fall in passenger revenue hurts Allegiant's (ALGT) March-end financials.
- 05/05/2021
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Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q1 2021 Results - Earnings Call Transcript
- Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q1 2021 Results - Earnings Call Transcript
- 05/05/2021
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TELEO Capital Completes Significant Growth Equity Investment In Teesnap
- LOS ANGELES, May 5, 2021 /PRNewswire/ -- TELEO Capital Management, LLC ("TELEO") announced a significant growth equity investment in Teesnap, LLC ("Teesnap or the Business"), a golf course operations management software platform. TELEO will be partnering with existing shareholder, Allegiant Travel Company ("Allegiant"), to invest in product and go-to-market initiatives.
- 05/05/2021
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Allegiant Travel (ALGT) Reports Q1 Loss, Lags Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of -12.93% and -1.83%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/04/2021
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Recap: Allegiant Travel Q1 Earnings
- Shares of Allegiant Travel (NASDAQ:ALGT) were unchanged after the company reported Q1 results. Quarterly Results Earnings per share fell 274.63% over the past year to ($3.58), which missed the estimate of ($2.97).
- 05/04/2021
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Allegiant Travel Company First Quarter 2021 Financial Results
- LAS VEGAS, May 4, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2021, as well as comparisons to the prior years: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 279.1 $ 409.2 $ 451.6 (31.8) (38.2) Total operating expense 254.5 527.0 360.5 (51.7) (29.4) Operating income (loss) 24.6 (117.8) 91.1 120.9 (73.0) Income (loss) before income taxes 8.7 (130.7) 73.9 106.6 (88.3) Net income (loss) 6.9 (33.0) 57.1 120.8 (88.0) Diluted earnings (loss) per share $ 0.42 $ (2.08) $ 3.52 120.2 (88.1) Consolidated - adjusted Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Adjusted operating income (loss) (1) (2) $ (59.0) $ 55.1 $ 91.1 (207.1) (164.8) Adjusted operating expense (1) (2) 338.1 360.9 360.5 (6.3) (6.2) Adjusted income (loss) before income taxes (1) (2) (74.9) 42.2 73.9 (277.5) (201.4) Adjusted net income (loss) (1) (2) (57.9) 32.5 57.1 (278.2) (201.4) Adjusted diluted earnings (loss) per share (1) (2) $ (3.58) $ 2.05 $ 3.52 (274.6) (201.7) (1) Adjusted excludes COVID related special charges and the net benefit from the Payroll Support Program Extension Agreement (the "PSP2") (2) Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information "The momentum reported last quarter picked up in earnest towards the back half of the first quarter with booking trends showing meaningful improvement," stated Maurice J.
- 05/04/2021
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Allegiant Travel Company Announces Date Change For First Quarter 2021 Earnings Call
- LAS VEGAS, April 21, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has changed the date of its previously announced earnings conference call due to a scheduling conflict with a different carrier. The call will now be Tuesday, May 4 at 4:30 p.m.
- 04/21/2021
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Allegiant Travel Company Schedules First Quarter 2021 Earnings Call
- LAS VEGAS, April 16, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2021 financial results conference call for Thursday, April 29 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com.
- 04/16/2021
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Allegiant Announces Agreement in Principle for Maintenance Technicians and Related Workforce First Contract with International Brotherhood of Teamsters
- LAS VEGAS, April 14, 2021 /PRNewswire/ -- Allegiant (NASDAQ: ALGT) today announces that the company and the International Brotherhood of Teamsters (IBT), representing Allegiant's workforce of maintenance technician and related employees, have reached an agreement in principle on all remaining open issues for the first collective bargaining agreement between the parties. The agreement in principle is subject to finalization between the parties and ratification by the employee group, which includes line and heavy maintenance technicians as well as stores employees and some administrative maintenance staff.
- 04/14/2021
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Allegiant (ALGT) Posts Encouraging March Traffic Results
- With capacity expansion outweighing traffic increase, March load factor at Allegiant Travel (ALGT) declines 3.6 points for scheduled service.
- 04/12/2021
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Allegiant Reports March 2021 Traffic
- LAS VEGAS, April 9, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for March 2021 as well as first quarter 2021. "We are encouraged by the meaningful improvement in customer demand throughout the month of March," stated Gregory Anderson, executive vice president and chief financial officer.
- 04/09/2021
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Allegiant (ALGT) to Open New Base in Austin This November
- Allegiant (ALGT) to invest $75 million to establish a new base at the South Terminal of Austin-Bergstrom International Airport, which is expected to create at least 89 high-wage jobs.
- 04/07/2021
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Allegiant Announces Aircraft And Crew Base In Austin, Bringing New Jobs, Future Growth Opportunities
- AUSTIN, Texas, April 6, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced plans to establish a base of operations at the South Terminal at Austin-Bergstrom International Airport (AUS). The Las Vegas-based company will invest $75 million to establish the new base in Austin, creating at least 89 high-wage jobs and housIng three Airbus A320 aircraft.
- 04/06/2021
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Leisure travel recovery ‘in full swing,' helping airlines
- A recovery in leisure travel is "in full swing" and airline bookings are improving, analysts at Bank of America say, raising their expectations for share prices for a few of the U.S. air carriers such as Southwest and Delta.
- 03/29/2021
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7 Stocks To Buy Right Now Before Warm Weather Hits
- The rest of 2021 could bring more bullish moves in the markets. And with warm weather approaching, these are the top stocks to buy right now.
- 03/23/2021
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Get Ready For A Great American Travel And Spending Boom
- Millions of Americans, newly vaccinated and $1,400 richer, are set to make up for lost time by booking flights and vacations. Last week marked the one-year anniversary of the start of the pandemic, and the number of Google searches for online travel deals spiked.
- 03/15/2021
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Pandemic Stimulus Lends Further Cushion to Airlines: An Anaysis
- United Airlines (UAL) and American Airlines (AAL) withdraw the furlough notice, earlier served to 27,000 employees, in the wake of President Joe Biden's enactment of the promised stimulus kit.
- 03/12/2021
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Allegiant Travel (ALGT) Posts Dismal February Traffic Data
- With traffic declining more than capacity reduction, Allegiant Travel's (ALGT) scheduled load factor in February declines 29 points.
- 03/10/2021
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Why Is Allegiant Travel (ALGT) Up 11.2% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 03/05/2021
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U.S. budget airlines plot pandemic breakthrough
- The COVID-19 pandemic has reshaped the global travel landscape and U.S. no-frills carriers are pouncing.
- 03/02/2021
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Francis Chou's Top 4 Sells of the 4th Quarter
- Francis Chou (Trades, Portfolio), manager of Chou Associates Management, disclosed last week that his firm's top four sells during the fourth quarter of 2020 included the closure of its position in Spirit Airlines Inc. (NYSE:SAVE) and Allegiant Travel Co. (NASDAQ:ALGT) and a reduction in its holding of DaVita Inc. (NYSE:DVA) and Goldman Sachs Group Inc. (NYSE:GS).
- 02/23/2021
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Bullish On Allegiant: 22% Upside Based On A Unique Business Model Outperforming Other Airlines
- Allegiant 4Q 2020 earnings and 1Q 2021 guidance were much better than other airlines. Allegiant is positioned to be EPS positive in 2021, much faster than its peers.
- 02/08/2021
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Wall Street Is Lining Up Behind the Allegiant Travel Stock
- Budget carrier Allegiant Travel turned profitable in the fourth quarter, prompting upgrades of its stock.
- 02/04/2021
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Allegiant (ALGT) Posts Narrower-Than-Expected Loss in Q4
- Allegiant's (ALGT) fourth-quarter results are hurt by 46.1% fall in passenger revenues. Nevertheless, reduced fuel costs are aiding.
- 02/04/2021
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Allegiant Travel Company (ALGT) CEO Maurice Gallagher on Q4 2020 Results - Earnings Call Transcript
- Allegiant Travel Company (ALGT) CEO Maurice Gallagher on Q4 2020 Results - Earnings Call Transcript
- 02/03/2021
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Allegiant Travel (ALGT) Reports Q4 Loss, Tops Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of 54.10% and 2.89%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/03/2021
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Allegiant Travel: Q4 Earnings Insights
- Shares of Allegiant Travel (NASDAQ:ALGT) moved higher in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 130.11% year over year to ($1.12), which beat the estimate of ($2.31).
- 02/03/2021
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What's in Store for Allegiant (ALGT) This Earnings Season?
- Coronavirus-induced low air travel demand is likely to get reflected in Allegiant's (ALGT) fourth-quarter performance. Meanwhile, low fuel prices are expected to have aided.
- 02/02/2021
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7 Travel Stocks Ready for Summer to Arrive
- Because of pent-up travel demand due to the pandemic, these travel stocks should experience significant gains in the second half of the year. The post 7 Travel Stocks Ready for Summer to Arrive appeared first on InvestorPlace.
- 01/25/2021
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Allegiant (ALGT) to Launch 21 New Routes With Low Fares
- With air-travel demand for leisure picking up, Allegiant's (ALGT) move to commence 21 non-stop services is a prudent one and expected to bolster the top line in 2021.
- 01/14/2021
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Allegiant's (ALGT) Traffic & Load Factor Fall in December
- December load factor at Allegiant Travel (ALGT) declines 28.4 percentage points for scheduled service.
- 01/13/2021
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Allegiant Reports December 2020 Traffic
- LAS VEGAS, Jan. 12, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for December 2020. "As expected, the fourth quarter highlighted the divergence in strength between peak travel periods and non-peak periods," stated Drew...
- 01/12/2021
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Allegiant Travel Company Schedules Full Year And Fourth Quarter 2020 Earnings Call
- LAS VEGAS, Jan. 7, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its full year and fourth quarter 2020 financial results conference call for Wednesday, February 3 at 4:30 p.m. EST. A live broadcast of the conference call will be available through the company's...
- 01/07/2021
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3 Hacks: Bitcoin, S&P, And JETS
- 3 Hacks: Bitcoin, S&P, And JETS
- 01/06/2021
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Here's Why Allegiant (ALGT) Soars 55.4% in the Past 90 Days
- Low fuel costs and better air-travel demand for leisure bode well for the Allegiant (ALGT) stock.
- 01/05/2021
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This global airline analyst details the stocks she recommends
- CNBC's Kelly Evans discusses which airlines may be best suited for a comeback with Savanti Syth of Raymond James. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis.
- 01/04/2021
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3 Airline Stocks to Watch out for Amid Coronavirus Woes
- 3 Airline Stocks to Watch out for Amid Coronavirus Woes
- 12/30/2020
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3 Airlines That Will Make a Big Comeback
- With coronavirus vaccines on the way and air travel demand returning, these airline stocks are well positioned to show gains in 2021. The post 3 Airlines That Will Make a Big Comeback appeared first on InvestorPlace.
- 12/21/2020
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5 Predictable Stocks with a Margin of Safety
- According to the GuruFocus All-in-One Screener, a Premium feature, the following companies have high business predictability ratings and wide margins of safety as of Dec. 11.
- 12/11/2020
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Allegiant Reports November 2020 Traffic
- LAS VEGAS, Dec. 9, 2020 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for November 2020. "Over the course of the last several weeks, we have seen a deceleration of bookings coupled with an increase in cancellations related to...
- 12/09/2020
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Top Airline Stocks for Q1 2021
- These are the airline stocks with the best value, fastest growth, and most momentum for Q1 2021.
- 12/07/2020
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Why Is Allegiant Travel (ALGT) Up 39.1% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
- 11/27/2020
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Allegiant Air just added 15 leisure routes for 2021 with a new shortest route that's under 200 nautical miles— here's the full list
- Allegiant Air is growing across the US with 15 new routes coming in 2021 as the airline industry hopes to start fresh in the new year and on the path to profitability. The routes will see Allegiant grow in existing markets and expand into new ones such as Orange Country, California and Spokane, Washington, undoubtedly boosting its brand recognition. Leisure travel is the main focus of the expansion as that's where demand is shifting and Allegiant already didn't have a strong business traveler following entering the pandemic.
- 11/17/2020
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Top Stocks To Short Today As Vaccine Rally Continues
- After the Dow and S&P skyrocketed to all-time intraday highs yesterday, the Dow continued its rally today. Our deep learning algorithms have crunched the data to give you a set of Top Shorts for today.
- 11/10/2020
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Budget airline shares jump on sunnier outlook for travel despite pandemic
- Sales came in ahead of estimates at both Spirit and Allegiant, and both discount airlines' executives have touted an increase in demand recently.
- 10/29/2020
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3 Airline Stocks That Are Losing Altitude in the Pandemic
- This year has been turbulent for the travel industry for sure, and these airline stocks do not offer enough long-term value -- yet. The post 3 Airline Stocks That Are Losing Altitude in the Pandemic appeared first on InvestorPlace.
- 10/29/2020
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Allegiant Travel Co (ALGT) CEO Maurice Gallagher on Q3 2020 Results - Earnings Call Transcript
- Allegiant Travel Co (ALGT) CEO Maurice Gallagher on Q3 2020 Results - Earnings Call Transcript
- 10/28/2020
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Why Airline Shares Are Falling Today
- An uptick in COVID-19 cases has investors worried we could retest spring lows.
- 10/28/2020
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Best Bet For Aviation Recovery
- AerSale set to exploit both aviation chaos and recovery. Best ratio of risk:reward among SPACS and aviation industry.
- 09/14/2020
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Travelers Ebb But China, US Expand Flights: Airlines in Focus
- Most airline companies gain traction as the number of Sino-US flights increase. However, the spurt in coronavirus cases across Europe pushes travel plans on the backburner.
- 08/19/2020
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Allegiant Could Lead The Airlines Out Of This Crisis
- ALGT has been a proven leader in the airlines space. Its focus on low-cost, low-competition routes is a winning strategy.
- 08/14/2020
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Allegiant (ALGT) Posts Bland July Traffic, Load Factor Tanks
- Dwindling air travel demand due to the COVID-19 pandemic hurts Allegiant's (ALGT) July traffic numbers. Load factor falls 3750 bps.
- 08/12/2020
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Allegiant Reports July 2020 Traffic
- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for July 2020.
- 08/11/2020
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Looking Into Allegiant Travel's Return On Capital Employed
- During Q2, Allegiant Travel's (NASDAQ: ALGT) reported sales totaled $133.35 million. Despite a 12.97% in earnings, the company posted a loss of $133.08 million. Allegiant Travel collected $409.18 million in revenue during Q1, but reported earnings showed a $117.81 million loss.Why ROCE Is Significant Changes in earnings and sales indicate shifts in Allegiant Travel's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed in a business. Generally, a higher ROCE suggests successful growth in a company and is a sign of higher earnings per share for shareholders in the future. In Q2, Allegiant Travel posted an ROCE of -0.18%.It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.View more earnings on ALGTReturn on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders.In Allegiant Travel's case, the ROCE ratio shows the amount of assets may not be helping the company achieve higher returns. Investors may take this into account before making any long-term financial decisions.Q2 Earnings Recap Allegiant Travel reported Q2 earnings per share at $-5.96/share, which did not meet analyst predictions of $-5.49/share.See more from Benzinga * Recap: Allegiant Travel Q2 Earnings * Benzinga's Top Upgrades, Downgrades For July 24, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/11/2020
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Airline Stocks Take Off, No Rough Landing in Sight: 3 Winners
- With Americans returning to the skies last weekend and the government helping airliners stay afloat amid the pandemic, things are looking up for airline stocks.
- 08/11/2020
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Airline Stocks Take Off, No Rough Landing in Sight: 3 Winners
- Stocks Analysis by Zacks Investment Research covering: United Airlines Holdings Inc, Allegiant Travel Company, Spirit Airlines Inc, American Airlines Group. Read Zacks Investment Research's latest article on Investing.com
- 08/11/2020
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Airlines Plan to Cut 10% of Workforce. That Needs to Double, One Analyst Says.
- Airlines have been issuing “WARN” notices to thousands of employees over the past month, warning that job cuts are coming after Sept. 30.
- 08/06/2020
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Airline Stock Roundup: ALGT, SKYW & GOL Post Q2 Loss, RYAAY in Focus
- Passenger revenue softness dents the Q2 results of the likes of Allegiant Travel (ALGT) and SkyWest (SKYW).
- 08/05/2020
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Winners and Losers Are Emerging in Airline Stocks
- With demand looking weaker, investors want to see airlines cut costs dramatically. Carriers that do so may be rewarded with higher share prices.
- 08/05/2020
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Allegiant Travel (NASDAQ:ALGT) Rating Increased to Buy at ValuEngine
- Allegiant Travel (NASDAQ:ALGT) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Monday, ValuEngine reports. A number of other equities analysts have also recently issued reports on the stock. Goldman Sachs Group cut shares of Allegiant Travel from a “buy” rating to a […]
- 08/05/2020
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ALLEGIANT TRAVEL : Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) | MarketScreener
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Silver Bullets
- Introduction. Macro and Credit – The new European package is not a “silver bullet”.
- 08/04/2020
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Winners and Losers Are Emerging in Airline Stocks
- With demand looking weaker, investors want to see airlines cut costs dramatically. Carriers that do so may be rewarded with higher share prices.
- 08/04/2020
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Did Hedge Funds Make The Right Call On Allegiant Travel Company (ALGT)?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 08/04/2020
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Hall County Airport Authority, NE -- Moody's assigns A2 to Hall County Airport Authority, NE's GO bonds
- Moody's Investors Service assigns an A2 rating to Hall County Airport Authority, NE's $695,000 General Obligation Refunding Bonds, Series 2020A, $665,000 General Obligation Refunding Bonds (AMT), Series 2020B and $10.2 million General Obligation Refunding Bonds (Federally Taxable Interest), Series 2020C. Moody's maintains an A2 rating on the authority's previously issued general obligation unlimited tax (GOULT) debt.
- 08/03/2020
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Allegiant Flies Above the Pack With Its Budget-Meets-Leisure Formula
- In a year in which airlines have gotten hammered by the pandemic, a carrier with ultralow costs and flexible scheduling takes the lead. Not that the flight may not get a little rough.
- 08/01/2020
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Allegiant Travel (ALGT) Posts Wider-Than-Expected Q2 Loss
- COVID-19 induced drop in air travel demand hurts Allegiant Travels' (ALGT) June-end financials. Load factor tanks 3270 bps.
- 07/30/2020
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Allegiant Is the Best Positioned U.S. Airline, Analyst Says
- Raymond James analyst says airline should benefit from its flexible scheduling system and ultra-low-cost operating model.
- 07/30/2020
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Allegiant Travel Co (ALGT) CEO Maurice Gallagher on Q2 2020 Results - Earnings Call Transcript
- Allegiant Travel Co (NASDAQ:ALGT) Q2 2020 Earnings Conference Call July 29, 2020, 16:30 ET Company Participants Sherry Wilson - Director, IR Maurice Gallagher - Chairman & CEO John Redmond - President & Director Scott Sheldon - EVP & COO Scott DeAngelo - EVP & CMO Drew Wells - VP, Revenue & Planning Gregory Anderson - EVP, Principal Accounting Officer & CFO Conference Call Participants Helane Becker - Cowen and Company Michael Linenberg - Deutsche Bank Duane Pfennigwerth - Evercore ISI Savanthi Syth - Raymond James & Associates Joseph DeNardi - Stifel, Nicolaus & Company Matthew Wisniewski - Barclays Bank Hunter Keay - Wolfe Research Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2020 Allegiant Travel Company Earnings Call.
- 07/30/2020
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Allegiant Travel (ALGT) Reports Q2 Loss, Tops Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of -31.57% and 5.88%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/29/2020
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Recap: Allegiant Travel Q2 Earnings
- Shares of Allegiant Travel (NASDAQ:ALGT) decreased 0.19% in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share were down 223.91% year over year to ($5.96), which missed the estimate of ($5.49).Revenue of $133,347,000 declined by 72.88% year over year, which beat the estimate of $104,390,000.Guidance Earnings guidance hasn't been issued by the company for now.Allegiant Travel hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Jul 29, 2020View more earnings on ALGTTime: 04:30 PMET Webcast URL: https://edge.media-server.com/mmc/p/k4h8cur7Recent Stock Performance 52-week high: $183.26Company's 52-week low was at $60.06Price action over last quarter: Up 47.83%Company Description Allegiant Travel provides travel services in the United States. It sells air transportation on a stand-alone basis, or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company operates under one business segment, and does not separately track expenses for scheduled service and fixed-fee arrangements. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center. It does not sell products or tickets through outside sales channels.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For July 24, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/29/2020
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Allegiant Travel Company Second Quarter 2020 Financial Results
- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2020, as well as comparisons to the prior year:
- 07/29/2020
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U.S. airlines ranked for response to COVID-19 in 2020: The Points Guy
- The Points Guy Executive Editorial Director Scott Mayerowitz joins Yahoo Finance’s Zack Guzman to reveal why Delta Air Lines is ranked first for its response to the coronavirus pandemic.
- 07/28/2020
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Is a Surprise Coming for Allegiant (ALGT) This Earnings Season?
- Allegiant (ALGT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 07/28/2020
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What's in Store for Allegiant (ALGT) This Earnings Season?
- Loss of passenger revenues due to coronavirus-induced weak travel demand is expected to have hurt Allegiant's (ALGT) second-quarter performance.
- 07/27/2020
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Allegiant Travel (NASDAQ:ALGT) Upgraded to “Outperform” by Wolfe Research
- Wolfe Research upgraded shares of Allegiant Travel (NASDAQ:ALGT) from a peer perform rating to an outperform rating in a research note released on Friday morning, BenzingaRatingsTable reports. Wolfe Research currently has $200.00 target price on the transportation company’s stock. Several other equities analysts have also commented on ALGT. ValuEngine upgraded Allegiant Travel from a sell […]
- 07/27/2020
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Allegiant Travel (ALGT) Expected to Beat Earnings Estimates: Should You Buy?
- Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/22/2020
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Allegiant Travel (ALGT) Scheduled to Post Earnings on Wednesday
- Allegiant Travel (NASDAQ:ALGT) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 29th. Analysts expect the company to announce earnings of ($5.80) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link. Allegiant Travel (NASDAQ:ALGT) […]
- 07/22/2020
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Fasten Your Seat Belts. Airlines Are About to Disclose Their Losses.
- Several carriers are set to report second-quarter results. And the outlook for the industry appears to be worsening with the rise in coronavirus cases.
- 07/20/2020
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5 Predictable Stocks With a Margin of Safety
- Ulta Beauty on the list Continue reading...
- 07/15/2020
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Allegiant Travel (NASDAQ:ALGT) Share Prices Have Dropped 45% In The Last Five Years
- It is a pleasure to report that the Allegiant Travel Company (NASDAQ:ALGT) is up 44% in the last quarter. But if you...
- 07/15/2020
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Finding Winners In The Government-Supported Airline Industry
- Airlines continue to adjust their strategies to adapt to changing market conditions from the covid-19 crisis. The U.S.
- 07/13/2020
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Allegiant Travel (NASDAQ:ALGT) Price Target Increased to $130.00 by Analysts at Deutsche Bank
- Allegiant Travel (NASDAQ:ALGT) had its target price hoisted by Deutsche Bank from $110.00 to $130.00 in a note issued to investors on Monday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the transportation company’s stock. Deutsche Bank’s price objective indicates a potential upside of 17.87% from the stock’s current price. A number of […]
- 07/13/2020
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Retail bankruptcy filings keep coming, coffee habits change
- Muji U.S.A Ltd
- 07/10/2020
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Coronavirus Woes Hurt Allegiants' (ALGT) June Traffic Results
- Tripping air travel demand due to COVID-19 causes Allegiants'(ALGT) consolidated load factor to tank by 2860 basis points.
- 07/10/2020
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Allegiant Travel Company Schedules Second Quarter 2020 Earnings Call
- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2020 financial results conference call for Wednesday, July 29 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site.
- 07/10/2020
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Hopes Dashed for a Quick U.S. Airline Recovery Amid Coronavirus Spikes
- America is built on optimism, but it is not immune to the laws of science. It's a lesson some U.S. airlines have learned the past two weeks, as Covid-19 cases continue to increase in many regions. As cases go up, some state and city governments have instituted new quarantines that limit what travelers can do […]
- 07/09/2020
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Airlines Stocks Are Falling Because None of Us Are Going Anywhere
- Airline stocks were down sharply on Thursday as a new reality appeared to be sinking in: The rebound in leisure travel may be sputtering, and there are signs that corporate travel may not materialize to pick up the slack. “In metaphorical terms, if all the octopus’ tentacles are not functioning, the head will flounder.”
- 07/09/2020
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Allegiant Travel's stock rises after upbeat June bookings, cash burn results
- Shares of Allegiant Travel Co. rose 1.0% in premarket trading Thursday, after the air-related travel services company reported June bookings that exceeded its expectations, resulting in improved load factor and cash burn. Allegiant said average bookings for June were more than $4 million per day, which "exceeded our expectations," to lift the average daily gross bookings for the second quarter to over $2.5 million. That helped bring the average daily cash burn rate for the quarter to $900,000, compared with the previous forecast of $1.75 million. Meanwhile, bookings were negatively impacted over the last two weeks after several states reported increases in COVID-19 cases, which has "tempered expectations into the third quarter." The company said June load factor was 57.3%, up nearly 10 percentage points from May. For the third quarter, average daily cash burn is expected to be about $750,000 and the company expects to operate about 75% of its schedule. The stock has dropped 36.7% year to date through Wednesday, while the U.S. Global Jets ETF has shed 48.2% and the S&P; 500 has eased 1.9%.
- 07/09/2020
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Allegiant Reports June 2020 Traffic
- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2020 as well as second quarter 2020.
- 07/09/2020
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Dow ends 360 points lower but Nasdaq notches 26th record of 2020 as investors find safety in tech
- U.S. stocks close mostly lower Thursday, but off the low of the day, as investors seek safety in technology and tech-related investments amid rising cases of...
- 07/09/2020
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As Big Airlines Retrench, Some Carriers Detect an Opening
- In times of crisis, low-cost discount carriers often benefit. That is happening again, but on steroids, both because of the scale of today’s crisis and the unusual way demand for tickets is starting to return as lockdowns loosen.
- 07/08/2020
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Short Interest in Allegiant Travel (NASDAQ:ALGT) Rises By 12.3%
- Allegiant Travel (NASDAQ:ALGT) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 1,820,000 shares, a growth of 12.3% from the June 15th total of 1,620,000 shares. Currently, 14.0% of the shares of the company are sold short. Based on an average trading volume […]
- 07/07/2020
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Allegiant Travel (NASDAQ:ALGT) Shares Bought by Public Employees Retirement Association of Colorado
- Public Employees Retirement Association of Colorado raised its holdings in Allegiant Travel (NASDAQ:ALGT) by 152.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573 shares of the transportation company’s stock after buying an additional 346 shares during […]
- 07/05/2020
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Stocks To Watch: Postmates, Walgreens And Cannabis Plays
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 07/04/2020
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Jane Street Group LLC Has $397,000 Stock Holdings in Allegiant Travel (NASDAQ:ALGT)
- Jane Street Group LLC boosted its position in Allegiant Travel (NASDAQ:ALGT) by 247.0% in the 1st quarter, HoldingsChannel reports. The firm owned 4,855 shares of the transportation company’s stock after acquiring an additional 3,456 shares during the period. Jane Street Group LLC’s holdings in Allegiant Travel were worth $397,000 as of its most recent filing […]
- 07/02/2020
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One new safety measure for Americans ready to fly again this July 4 weekend: More checkpoints open at security
- During a media roundtable Senate Committee hearing this week, the TSA laid out new policies and procedures to reduce the potential of infectious transmission.
- 07/02/2020
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American Airlines will fly at full capacity — only 3 U.S. airlines have blocked the middle seat on domestic flights
- American Airlines (AAL) has come under scrutiny for its decision not to block the middle seats on flights in the name of preventing coronavirus transmission — but many other airlines have taken this same stance. The carrier announced last week that starting Wed., July 1, it would resume booking flights to full capacity. Previously, the airline had said it would limit its flights to 85% capacity and block certain seats to ensure social distancing onboard its aircraft.
- 07/02/2020
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Allegiant Travel (NASDAQ:ALGT) Downgraded by Goldman Sachs Group
- Goldman Sachs Group lowered shares of Allegiant Travel (NASDAQ:ALGT) from a buy rating to a neutral rating in a report issued on Sunday, BenzingaRatingsTable reports. The brokerage currently has $142.00 target price on the transportation company’s stock, up from their previous target price of $133.00. Several other equities analysts have also weighed in on the […]
- 07/01/2020
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A Vaccine Won't Save The Airlines
- COVID isn’t going to be a V-shaped recovery for airlines. Business travel will never be the same, cutting substantially into major airlines' profits. Debt raise
- 06/28/2020
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Why Airline Stocks Are Falling Today | The Motley Fool
- The pandemic shows no signs of slowing, and that's bound to prolong the recovery.
- 06/26/2020
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Allegiant Expands Health And Safety Commitment By Requiring Customers To Wear Face Masks During All Phases Of Travel
- Allegiant Travel Company today announced that, beginning July 2, customers will be required to wear face masks during all phases of travel, including at the ticket counter, in the gate area, during boarding, on the aircraft and during the flight. This policy update builds on Allegiant's comprehensive health and safety program by bringing an extra layer of protection to customers, crew and team members at Allegiant airports.
- 06/26/2020
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Legal & General Group Plc Acquires 1,441 Shares of Allegiant Travel (NASDAQ:ALGT)
- Legal & General Group Plc lifted its position in Allegiant Travel (NASDAQ:ALGT) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,545 shares of the transportation company’s stock after buying an additional 1,441 shares during the period. Legal & General […]
- 06/26/2020
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Airline Stocks Are Falling as Covid-19 Cases Rise
- Analysts worry that a new wave of cases could put the brakes on a recovery in air travel.
- 06/25/2020
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Annual Air Transport Report and Forecast by the World Bank
- Download the complete 15th Air Transport Annual Report 2019 of the World Bank Group (WBG) complete with the outlook for 2020 considering COVID 2019 from | eTurboNews | Trends | Travel News | Airline News
- 06/25/2020
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U.S. Airlines Seek Revenue From ‘Visiting Friends and Relatives’ Travel
- With their businesses cratering, most U.S. airlines are staking out their short-term future on one customer segment that has proven resilient in nearly every downturn — travelers visiting friends and relatives. But as Covid-19 cases rise in the United States and some states enact new restrictions on movement, that strategy will be tested. The latest […]
- 06/24/2020
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Why Airline Shares Are Falling Today | The Motley Fool
- Evidence is mounting that COVID-19 is regaining the upper hand in key tourism markets.
- 06/24/2020
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Southwest Airlines May Have Just Started a Fare War
- Price competition on leisure travel will make it tougher for airlines to turn a profit.
- 06/24/2020
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Allegiant Travel (NASDAQ:ALGT) Rating Increased to Strong-Buy at Raymond James
- Allegiant Travel (NASDAQ:ALGT) was upgraded by Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm presently has a $135.00 target price on the transportation company’s stock, up from their prior target price of $115.00. Raymond James’ price target suggests […]
- 06/24/2020
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Hedge Funds Getting Out Of Allegiant Travel Company (ALGT)
- In this article we will take a look at whether hedge funds think Allegiant Travel Company (NASDAQ:ALGT) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]
- 06/24/2020
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BofA Bullish On Allegiant, Southwest, Says Leisure Travel Recovering
- Although systemwide net flight bookings in the U.S. declined in the week ending June 14, it was a meaningful improvement from the prior week's decline, driven by both domestic and international bookings, according to BofA Securities.The sell-side firm sees continues strength in the leisure segment. The Allegiant, Southwest Analyst Andrew Didora maintained Buy ratings on Allegiant Travel Company (NASDAQ: ALGT) and Southwest Airlines Co (NYSE: LUV), with unchanged price targets of $140 and $44, respectively.Takeaways On Allegiant, Southwest Recent conference calls with Allegiant Travel and Southwest Airlines management support the data showing a recovery in leisure demand and highlighted the strengths of both carriers in managing through the pandemic, Didora said in a Monday note. (See his track record here.)Both companies have solid liquidity positions, the analyst said.Even without additional government loans, Allegiant Travel has enough liquidity through 2022 and Southwest Airlines through mid-2023 at their present cash burn rates, he said. "ALGT's strategy of keeping its schedule open and pulling back flights close-in has allowed it to take advantage of this bounce in demand, while LUV has actually begun adding back flights to its schedule in late May and into June."Neither carrier reported a demand impact from rising coronavirus cases, despite their exposure to Florida, according to BofA. ALGT, LUV Price Action Allegiant Travel shares were up 2.82% at $112.42 at the time of publication, while Southwest shares were higher by 0.12% at $34.59. Related Links: 3 Airline Stocks That Could Benefit From Leisure-Led RecoveryAmerican Airlines Plans To Raise .5B In Funding To Fly Through The PandemicLatest Ratings for ALGT DateFirmActionFromTo Jun 2020Raymond JamesUpgradesOutperformStrong Buy May 2020Raymond JamesUpgradesMarket PerformOutperform Apr 2020Deutsche BankMaintainsBuy View More Analyst Ratings for ALGT View the Latest Analyst Ratings See more from Benzinga * Stifel Upgrades Southwest Airlines, Says It Will Exit The Coronavirus Crisis Stronger(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 06/22/2020
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Airlines Are Raising More Money — and Their Stocks Are Falling
- United Airlines Holdings (UAL), meanwhile, is gearing up to issue $5 billion in debt this week, according to Bloomberg, using its frequent-flier mileage program as collateral. Shares of American were off 6% in Monday morning trading, while United’s stock was down 3%. Airline balance sheets are getting stressed with more debt, and equity values are being diluted as carriers issue more stock.
- 06/22/2020
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Airlines Are Raising Capital Again. Why Wall Street Is Still Bullish on Domestic Budget Carriers.
- American Airlines stock falls as Wall Street analysts continue to favor domestic budget carriers.
- 06/22/2020
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Two Sigma Investments LP Sells 1,779 Shares of Allegiant Travel (NASDAQ:ALGT)
- Two Sigma Investments LP reduced its position in Allegiant Travel (NASDAQ:ALGT) by 9.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,493 shares of the transportation company’s stock after selling 1,779 shares during the quarter. Two Sigma Investments LP owned about 0.10% of Allegiant […]
- 06/22/2020
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Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 2,165 Shares of Allegiant Travel (NASDAQ:ALGT)
- Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Allegiant Travel (NASDAQ:ALGT) by 48.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,638 shares of the transportation company’s stock after purchasing an additional 2,165 shares during the period. Commonwealth […]
- 06/20/2020
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Nomura Asset Management Co. Ltd. Sells 6,054 Shares of LATAM Airlines Group SA (NYSE:LTM)
- Nomura Asset Management Co. Ltd. decreased its stake in LATAM Airlines Group SA (NYSE:LTM) by 25.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,946 shares of the transportation company’s stock after selling 6,054 shares during the period. Nomura Asset Management […]
- 06/20/2020
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Why Airline Shares Are Falling Today | The Motley Fool
- Apple sounds the alarm on new COVID-19 cases and the sector goes tumbling down.
- 06/19/2020
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LATAM Airlines Group SA (NYSE:LTM) Receives Average Rating of “Hold” from Brokerages
- Shares of LATAM Airlines Group SA (NYSE:LTM) have earned an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The […]
- 06/18/2020
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How Strict Are Airlines About Face Masks in Flight?
- With little direction from the feds and pressure to fill seats as safely as possible as coronavirus continues, U.S. carriers offer significantly different policies.
- 06/17/2020
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Why Airline Shares Are Flying High Today | The Motley Fool
- Positive news on the economic and COVID-19 fronts has investors buying into the beaten-down sector.
- 06/16/2020
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3 Signs That Airlines Are Getting a Grip on the Coronavirus Era
- Airlines are finding creative ways to finance operations, flights are resuming to mainland China, and carriers are toughening rules on passengers wearing masks.
- 06/16/2020
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Stocks Down for the Week, but Recover Some Recent Losses
- Stocks Analysis by Zacks Investment Research covering: CAE Inc., Guess? Inc, Royal Caribbean Cruises Ltd. Read Zacks Investment Research's latest article on Investing.com
- 06/15/2020
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BNP Paribas Arbitrage SA Grows Position in Allegiant Travel (NASDAQ:ALGT)
- BNP Paribas Arbitrage SA increased its position in Allegiant Travel (NASDAQ:ALGT) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,260 shares of the transportation company’s stock after purchasing an additional 1,279 shares during the quarter. BNP Paribas Arbitrage SA […]
- 06/14/2020
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Why Airline Shares Are Soaring Today | The Motley Fool
- American says it sees improving demand.
- 06/12/2020
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Airline Stocks Plummet as Airline Industry Faces 'Worst Year in History'
- Stocks of airline companies fell for the third trading session in a row on Thursday as a result of fears of a second COVID-19 wave.
- 06/12/2020
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Why Airline Shares Are Down Today | The Motley Fool
- A second wave of the pandemic would be very bad news for airlines.
- 06/11/2020
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Airline Stocks Are Sliding Because Delta’s Debt Looks Dicier
- Investors appear to be growing nervous that airlines are adding to debt loads without seeing enough of a recovery in revenue.
- 06/11/2020
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Why Is Allegiant Travel (ALGT) Up 57% Since Last Earnings Report?
- Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- 06/11/2020
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Why Airline Shares Are Down Again Today | The Motley Fool
- A prominent analyst warns the recent gains are not sustainable.
- 06/10/2020
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Allegiant (ALGT) Traffic and Load Factor Plummet In May
- Dwindling air travel demand due to the COVID-19 pandemic hurts Allegiant's (ALGT) May traffic statistics. Load factor falls 3630 basis points.
- 06/10/2020
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'Sec Mnuchin will add that Treasury has approved $27 Billion for about 500 airlines to keep people in jobs and support the industry' -Tweet From Fox's Ed Lawrence
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Why Airline Shares Are Falling Today | The Motley Fool
- The impressive June airline rally is taking a breather. Is it time to reassess the outlook for the stocks?
- 06/09/2020
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Coronavirus update: Global infections climb above 7.1 million as health experts question WHO statement on asymptomatic carriers
- The number of confirmed cases of the coronavirus illness COVID-19 climbed above 7.1 million on Tuesday, as public-health experts questioned comments from the...
- 06/09/2020
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Allegiant Travel sees continued improvement in travel demand, cuts cash burn expectations
- Allegiant Travel Co. undefined said Tuesday that it continues to see "material improvement" in travel demand off the April lows, which has helped reduce its...
- 06/09/2020
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Allegiant Travel sees continued improvement in travel demand, cuts cash burn expectations
- Allegiant Travel Co. said Tuesday that it continues to see "material improvement" in travel demand off the April lows, which has helped reduce its cash burn per day below previous expectations. The travel services and airline company said traffic for May down 70.1% from a year ago while capacity was down 47.2%, with scheduled departures down 48.8%. "We have been pleased to see that May demand trends were stronger than anticipated," said Vice President of Revenue Drew Wells. "During the first week of June we operated 70 percent of our schedule versus roughly 50 percent of the schedule in May." Chief Financial Officer Gregory Anderson said second-quarter cash burn per day is expected to be about $1.75 million, below previous expectations of $2.1 million per day, while third-quarter cash burn is expected to be $1 million per day. The stock fell 3.6% in premarket trading, after running up 7.8% on Monday. It has climbed 13.0% over the past three months, while the U.S. Global Jets ETF has advanced 7.3% and the S&P; 500 has rallied 17.7%.
- 06/09/2020
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Allegiant Reports May Passengers Down 71.5% Year Over Year, Departures Down 49.1%
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Allegiant Travel Reports Prelim. Passenger Traffic For May: Averaged $2M+ In Gross Bookings/Day
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Allegiant Reports May 2020 Traffic
- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2020.
- 06/09/2020
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Int'l. Air Transport Association Says Airlines Need To Raise More Equity To Meet Obligations, Alternative Outcome Is A Surge In Airline Bankruptcies
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Why Airline Shares Are Flying Higher Today | The Motley Fool
- A Wall Street analyst declares the recovery is real.
- 06/08/2020
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Airline Stocks Are Soaring Again. Alaska Air Is a Buy, Analyst Says.
- Bank of America analyst Andrew Didora raises his price targets across much of the sector and upgrades Alaska Air and JetBlue.
- 06/08/2020
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A Trio of High Earnings Return Stocks for the Value Investor
- They currently beat the 20-year high quality market corporate bonds Continue reading...
- 06/08/2020
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Shares of several airlines companies are trading higher on continued optimism amid the reopening of the economy, which would increase consumer spending and travel demand.
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Insider Weekends: A Large Sale By The CEO Of An Airline
- Insider buying decreased last week. Notable Insider Buys: Danaher Corporation, Avid Technology, Inc., Allogene Therapeutics, Inc., La Jolla Pharmaceutical Compa
- 06/08/2020
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The Stock Market Is Always Right
- Ever since stocks bottomed on March 23, we’ve been wondering how the S&P; 500 could keep going higher. Friday’s payrolls surprise supplied the reason.
- 06/06/2020
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Trump Says Investors Should Have Kept Airline Stocks, Believes Economic Projections Were A Mistake
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Shares of several airline companies are trading higher on continued momentum after American Airlines on Thursday indicated it would add back flights in July.
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US Airlines Raise Objection To China's Once A Week Flight Limit
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Shares of several airline companies are trading higher as equities continue to gain on optimism over the economy reopening which could potentially increase travel demand as well as a smaller-than-expected drop in nonfarm payrolls.
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Allegiant Travel Company -- Moody's confirms Allegiant Travel's Ba3 corporate family and Ba3 senior secured ratings; outlook negative
- Moody's Investors Service ("Moody's") confirmed its ratings for Allegiant Travel Company ("Allegiant"); Ba3 corporate family rating, Ba3-PD probability of default rating, and Ba3 senior secured debt ratings. The ratings outlook is negative.
- 05/28/2020
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Airline stocks are soaring Tuesday — here are Wall Street’s favorites
- Investors are banking on a recovery from the coronavirus crisis.
- 05/26/2020
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How Airlines Are Generating Revenue on Flights That Will Never Take Off
- U.S. leisure travelers often buy airfare months ahead of departure, betting they can score a deal with shrewd advance planning. But in these atypical times, that may not be the best strategy — provided they want to fly what they bought. That's because many airlines have not yet decided what they're going to fly more […]
- 05/26/2020
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Allegiant's (ALGT) April Traffic Reflects Coronavirus Woes
- Allegiant's (ALGT) load factor tanks 6140 basis points due to slump in air travel demand due to COVID-19
- 05/22/2020
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Shares of several airline companies are trading higher, potentially amid optimism towards a pickup in passenger travel. Delta's CEO expressed confidence that travel will return in the next 12-18 months and expects to add more planes in June an July.
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Airline Stock Roundup: RYAAY, AZUL Post Q1 Loss, DAL, ALGT in Focus
- The likes of Ryanair (RYAAY) and Azul (AZUL) incur coronavirus-induced losses in Q1.
- 05/19/2020
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Airlines Continue To Crash
- Airlines are facing the worst operating environment in the industry's history during 2020. Coronavirus travel restrictions and related passenger flying fears co
- 05/19/2020
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Allegiant Reports April 2020 Traffic
- Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for April 2020.
- 05/18/2020
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Allegiant (ALGT) may continue to take a hit from travel changes brought on by COVID-19 | AlphaStreet
- Like its peers in the airline industry, Allegiant Travel Company (NASDAQ: ALGT) was hit badly by the coronavirus pandemic.
- 05/13/2020
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Allegiant Travel (ALGT) Q1 2020 Earnings Call Transcript
- Ladies and gentlemen, thank you for standing by, and welcome to the first-quarter 2020 Allegiant Travel Company earnings conference call. On the call with me today are Maury Gallagher, the company's chairman and chief executive officer; John Redmond, the company's president; Greg Anderson, our chief financial officer; Scott Sheldon, our EVP and chief operating officer; Scott DeAngelo, our EVP and chief marketing officer; Drew Wells, our VP of revenue and planning; and a handful of others to help answer questions.
- 05/13/2020
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Airline Stock Roundup: JBLU & SAVE Post Q1 Loss, CPA, SKYW, ALGT in Focus
- Shrinking passenger revenues ail the Q1 earnings performance of carriers like JetBlue (JBLU) and Spirit Airlines (SAVE).
- 05/13/2020
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Airline Stocks Are Sinking as Government Issues New Rules on Flights
- Airlines that took bailout funds will now have more flexibility to cancel routes, according to new rules issued by the Transportation Department. The market seems to think it’s too little, too late.
- 05/13/2020
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Allegiant Travel (ALGT) Q1 Earnings Beat Estimates, Down Y/Y
- Supressed air travel demand amid COVID-19 crisis hurts Allegiant Travel's first-quarter 2020 financials. However, lower fuel costs are a tailwind.
- 05/13/2020
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Edited Transcript of ALGT earnings conference call or presentation 12-May-20 8:30pm GMT
- Q1 2020 Allegiant Travel Co Earnings Call
- 05/13/2020
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Allegiant Travel Company (ALGT) CEO Maury Gallagher on Q1 2020 Results - Earnings Call Transcript
- Allegiant Travel Company (NASDAQ:ALGT) Q1 2020 Earnings Conference Call May 12, 2020 04:30 PM ET Company Participants Sherry Wilson - Director of Investor Relat
- 05/13/2020
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Don’t Count Out Allegiant Air’s Septuagenarian CEO in This Crisis
- On recent earnings calls, Allegiant Air CEO Maury Gallagher almost seemed bored. Over more than two decades, he built one of the world's most successful ultra-low-cost carriers, but by 2019, Allegiant had nearly run out of obvious markets to make the profit margins investors had come to expect. Between August 2015, and January 2020, Allegiant's […]
- 05/13/2020
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UPDATE: Raymond James On Allegiant Travel Notes 'Moreover, in an eventual recovery, its founding roots of opportunistically buying mid-life, out-of-favor aircraft/parts makes Allegiant well-suited to seize on likely dislocations in aircraft assets'
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Allegiant Travel (ALGT) Beats Q1 Earnings and Revenue Estimates
- Allegiant Travel (ALGT) delivered earnings and revenue surprises of 253.45% and 0.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/12/2020
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Allegiant Travel Company First Quarter 2020 Financial Results
- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2020, as well as comparisons to the prior year:
- 05/12/2020
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From Allegiant Earnings Conference Call: CEO Says Would Be Astonished If Vegas Hotels Are Not Open In 35-40 Days
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Allegiant Travel Flying Towards A Volatile Post-Earnings Move
- Allegiant posts earnings after close May 14, and is expected to show hefty YoY declines in EPS and revenues. Previously published monthly and quarterly traffic
- 05/11/2020
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U.S. RESEARCH ROUNDUP-Acushnet Holdings, Equity Residential, Fiserv
- Wall Street securities analysts revised their ratings and price targets
on several U.S.-listed companies, including Acushnet Holdings, Equity Residential and Fiserv, on
Monday.
HIGHLIGHTS
* Acushnet Holdings Corp : Stephens raises target price to $27 from $24
* Equity Residential : Evercore ISI raises to in-line from underperform
* Fiserv Inc : Keybanc raises target price to $115 from $108
* GTT Communications Inc : SunTrust Robinson cuts to hold from buy
* UDR Inc : Evercore ISI raises to in-line from underperform
Following is a summary of research actions on U.S. companies reported by Reuters on Monday.
Stock entries are in alphabetical order.
* Abbvie Inc : SVB Leerink raises price target to $122 from $107
* Accelerate Diagnostics Inc : Piper Sandler cuts target price to $14 from $16
* Acushnet Holdings Corp : Compass Point raises TP to $22.25 from $21.50
* Acushnet Holdings Corp : Keybanc raises target price to $31 from $28
* Acushnet Holdings Corp : Stephens raises target price to $27 from $24
* Advance Auto Parts Inc : UBS raises target price to $140 from $135
* AIG : UBS cuts target price to $45 from $49
* Air Lease Corp : Deutsche Bank cuts target price to $36 from $45
* Air Lease Corp : Stephens raises target price to $36 from $30
* Airgain Inc : Northland Capital Markets raises target price to $23
* Alarm.Com Holdings Inc : Credit Suisse cuts target price to $62 from $64
* Albemarle Corp : RBC raises target price to $66 from $64
* Albemarle Corp : SunTrust Robinson cuts target price to $65 from $90
* Allegiant Travel Co : Evercore ISI cuts target price to $95 from $100
* Allscripts Healthcare Solutions : Canaccord Genuity cuts TP to $11 from $13
* Amdocs Ltd : Citigroup cuts price target to $76 from $83
* Amedisys Inc : Raymond James cuts price target to $210 from $225
* Amedisys Inc : UBS cuts target price to $190 from $208
* American Axle & Manufacturing Holdings : Citigroup raises TP to $7.5 from $6
* American Axle & Manufacturing Holdings : RBC raises target price to $7 from $5
* American Homes 4 Rent : Evercore ISI raises target price to $27 from $25
* Ameriprise Financial Inc : RBC raises target price to $155 from $145
* Amerisourcebergen Corp : Deutsche Bank raises target price to $98 from $93
* Amphastar Pharmaceuticals Inc : BMO raises price target to $21 from $20
* Angi Homeservices Inc : Citigroup raises price target to $10 from $6.5
* Aon Plc : Citigroup cuts price target to $230 from $240
* Aon Plc : KBW raises target price to $192 from $184
* Aon Plc : UBS cuts target price to $197 from $202
* Apache Corp : CFRA cuts to sell from hold; raises price target to $9
* Apache Corp : MKM Partners cuts target price by $1 to $19
* Aptiv Plc : Benchmark cuts price target to $87 from $90
* Arch Capital Group Ltd : UBS cuts target price to $39 from $43
* Atara Biotherapeutics Inc : Jefferies cuts target price to $11 from $13
* Athene Holding Ltd : BMO cuts price target to $60 from $63
* Atricure Inc : BTIG raises target price to $56 from $45
* Atricure Inc : Needham raises target price to $63 from $49
* Atricure Inc : Oppenheimer raises price target to $52 from $45
* Atricure Inc : SVB Leerink raises price target to $55 from $50
* Autonation Inc : CFRA cuts price target by $10 to $50
* Avalonbay Communities Inc : Evercore ISI cuts target price to $181 from $189
* Avista Corp : Guggenheim cuts target price to $38 from $39
* Bain Capital Specialty Finance : Citigroup raises price target to $10 from $7.5
* Ball Corp : Citigroup cuts price target to $86 from $89
* Ball Corp : Northland Capital Markets cuts target price to $80
* Baudax Bio Inc : Oppenheimer cuts price target to $14 from $16
* Bellring Brands Inc : Stifel cuts target price to $23 from $25
* BJ's Restaurants Inc : Deutsche Bank raises target price to $27 from $26
* Bloomin' Brands Inc : BMO raises price target to $10 from $9
* Bloomin' Brands Inc : Deutsche Bank raises target price to $15 from $14
* Bloomin' Brands Inc : Guggenheim raises target price to $15 from $11
* Bloomin' Brands Inc : Raymond James cuts target price to $14 from $15
* BP Midstream Partners LP : Mizuho raises target price to $14 from $13
* Broadridge Financial Solutions : Piper Sandler cuts TP to $120 from $124
* Broadridge Financial Solutions : Rosenblatt Securities ups TP to $115 from $101
* Brookfield Infrastructure Partners LP : BMO raises price target to $46 from $45
* Brookfield Infrastructure Partners LP : Scotiabank cuts Tp to $50 from $51
* Brookfield Property Partners LP : Canaccord Genuity cuts TP to $12 from $13
* Brookfield Property Partners LP : CIBC cuts target price to $18 from $20.50
* Brookfield Property Partners LP : RBC cuts target price to $18 from $22
* Bruker Corp : BTIG cuts price target to $50 from $57
* Cabot Oil & Gas Corp : Tudor Pickering Holt cuts to hold from buy
* Calithera Biosciences Inc : Citigroup raises price target to $10 from $7
* Callaway Golf Co : >: Compass Point cuts target price to $17.50 from $20
* Callaway Golf Co : Compass Point cuts target price to $17.50 from $20
* Camden Property Trust : Evercore ISI cuts target price to $98 from $102
* Camden Property Trust : Stifel raises target price to $96 from $91
* Cardtronics Plc : D.A. Davidson cuts target price to $34 from $40
* Cardtronics Plc : SunTrust Robinson raises target price to $29 from $23
* Cargurus Inc : RBC raises target price to $25 from $22
* Carnival : HSBC raises to buy from hold; cuts target price to $15.9 from $45.3
* Carrier Global Corp : Citigroup raises price target to $20 from $17
* Carvana Co : Oppenheimer raises price target to $127 from $95
* Carvana Co : Oppenheimer raises target price to $127 from $95
* Casella Waste Systems Inc : Jefferies raises target price to $56 from $52
* Casella Waste Systems Inc : Raymond James raises target price to $56 from $49
* Casella Waste Systems Inc : Stifel raises target price to $47 from $45
* Cellectis : Citigroup cuts price target to $15 from $16
* Centurylink Inc : SunTrust Robinson cuts target price to $9 from $10
* Ceridian Hcm Holding Inc : Jefferies raises target price to $65 from $60
* Chevron Corp : Independent Research raises target price to $98 from $90; hold
* CNX Resources Corp : Tudor Pickering Holt cuts to hold from buy
* Cognizant Technology Solutions : Evercore ISI cuts target price to $53 from $55
* Cognizant Technology Solutions Corp : HSBC cuts target price to $56 from $70
* Coherus Biosciences Inc : Citigroup cuts price target to $30 from $31
* Conagra Brands Inc : SunTrust Robinson cuts to hold from buy
* Consolidated Edison Inc : Evercore ISI cuts target price to $85 from $86
* Continental Resources : TD Securities raises target price to $14.50 from $13.50
* Cooper Tire & Rubber Co : JP Morgan cuts target price to $29 from $30
* Corporate Office Properties Trust : SunTrust Robinson raises TP to $28 from $26
* Corteva Inc : RBC raises target price to $31 from $27
* Covanta Holding : Stifel raises to hold from sell; raises TP to $9.50 from $6.50
* Crocs Inc : Piper Sandler raises target price to $28 from $24
* Cross Country Healthcare Inc : BMO cuts price target to $8 from $11
* Cryoport Inc : Stephens raises target price to $23 from $21
* CVR Energy Inc : Credit Suisse raises target price to $19 from $16
* Cytomx Therapeutics Inc : Wedbush raises target price to $16 from $11
* Danaher Corp : Evercore ISI raises target price to $175 from $150
* Danaher Corp : RBC raises target price to $173 from $159
* Datadog Inc : RBC raises target price to $50 from $43
* Dentsply Sirona : Barrington Research cuts to market perform from outperform
* Dentsply Sirona Inc : UBS cuts target price to $44 from $59
* Dicerna Pharmaceuticals : SunTrust Robinson raises target price to $33 from $28
* Diebold Nixdorf Inc : JP Morgan raises target price to $7 from $6
* Diebold Nixdorf Inc : JP Morgan raises to neutral from underweight
* Discovery Inc : Rosenblatt Securities cuts price target to $24 from $27
* Dish Network Corp : RBC cuts target price to $32 from $39
* Domtar : D.A. Davidson cuts to neutral from buy; cuts TP to $26 from $44
* Domtar Corp : Scotiabank cuts target price to $29 from $30
* Domtar Corp : TD Securities raises target price to $26 from $22
* E. W. Scripps Co : Benchmark cuts target price to $15 from $24
* E. W. Scripps Co : Guggenheim raises target price to $8 from $6.50
* Edison Intl.
- 05/11/2020
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Why Earnings Season Could Be Great for Allegiant Travel (ALGT)
- Allegiant Travel (ALGT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 05/11/2020
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Shares of several airline companies are trading lower as investors weigh the reopening of some US states, which has led to concerns of a potential resurgence in coronavirus cases.
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U.S. RESEARCH ROUNDUP-Ashland Global, Lyft, Solaredge Technologies
- Wall Street securities analysts on Thursday revised their ratings and
price targets on several U.S.-listed companies, including Ashland Global Holdings, Lyft and
Solaredge Technologies.
HIGHLIGHTS
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Lyft Inc : Piper Sandler cuts to neutral from overweight
* Natera Inc : JP Morgan raises to overweight from neutral
* Occidental Petroleum Corp : SunTrust Robinson raises to hold from sell
* Solaredge Technologies : Canaccord Genuity cuts to hold from buy
Following is a summary of research actions on U.S. companies reported by Reuters on Thursday.
Stock entries are in alphabetical order.
* A. O. Smith Corp : Stephens raises target price to $40 from $37
* Acadia Healthcare Company Inc : Citigroup cuts price target to $34 from $37
* Acadia Healthcare Company Inc : Deutsche Bank cuts target price to $28 from $32
* Activision Blizzard Inc : Keybanc raises target price to $80 from $68
* Adient Plc : Deutsche Bank raises target price to $20 from $15
* ADMA Biologics Inc : Oppenheimer cuts target price to $7 from $14
* Advanced Energy Industries Inc : Citigroup raises price target to $63 from $40
* Advanced Energy Industries Inc : Cowen and Company raises PT to $58 from $51
* Advanced Energy Industries Inc : D.A. Davidson raises target to $60 from $50
* Advanced Energy Industries Inc : Susquehanna cuts target price to $85 from $90
* Aerie Pharmaceuticals Inc : H.C. Wainwright cuts target price to $31 from $37
* Aerie Pharmaceuticals Inc : Mizuho cuts target price to $29 from $34
* Aerie Pharmaceuticals Inc : Piper Sandler cuts target price to $35 from $45
* Aerie Pharmaceuticals Inc : SunTrust Robinson cuts price target to $22 from $26
* Agco Corp : Stephens raises target price to $65 from $60
* Air Transport Services Group Inc : Cowen and Company raises PT to $26 from $25
* Albemarle Corp : UBS cuts target price to $90 from $98
* Alexion Pharmaceuticals Inc : BMO cuts target price to $142 from $147
* Alexion Pharmaceuticals Inc : Credit Suisse cuts target price to $142 from $147
* Alexion Pharmaceuticals Inc : Jefferies cuts price target to $111 from $112
* Alexion Pharmaceuticals Inc : Raymond James cuts target price to $156 from $159
* Alexion Pharmaceuticals Inc : SunTrust Robinson cuts target to $135 from $141
* Alexion Pharmaceuticals Inc : SVB Leerink cuts target price to $150 from $156
* Allegiant Travel Co : Cowen and Company cuts price target to $74 from $100
* Allete Inc : Guggenheim cuts price target to $65 from $70
* Allogene Therapeutics Inc : Jefferies raises target price to $37 from $36
* Allstate Corp : Piper Sandler raises target price to $112 from $108
* Alnylam Pharmaceuticals Inc : Guggenheim raises price target to $166 from $155
* Alnylam Pharmaceuticals Inc : BMO raises target price to $171 from $145
* Alnylam Pharmaceuticals Inc : Jefferies raises price target to $165 from $142
* Alnylam Pharmaceuticals Inc : JP Morgan cuts to neutral from overweight
* Alnylam Pharmaceuticals Inc : JP Morgan raises target price to $137 from $133
* Alnylam Pharmaceuticals Inc : Needham raises target price to $160 from $135
* Alnylam Pharmaceuticals Inc : Oppenheimer raises target price to $162 from $140
* Alnylam Pharmaceuticals Inc : Piper Sandler raises target to $169 from $142
* Alteryx Inc : Citigroup cuts price target to $147 from $160
* Alteryx Inc : Cowen and Company cuts target price to $135 from $145
* Alteryx Inc : Needham cuts target price to $140 from $152
* Alteryx Inc : Wedbush cuts price target to $138 from $146
* Amedisys Inc : Benchmark cuts to hold rating
* Ameriprise Financial Inc : Evercore ISI raises target price to $139 from $136
* Ametek Inc : Berenberg raises target price to $93 from $86
* Ametek Inc : Stephens cuts target price to $92 from $94
* Anaptysbio Inc : Credit Suisse raises target price to $16 from $14
* Apache Corp : Credit Suisse raises target price to $10 from $4
* Aptiv Plc : Deutsche Bank raises target price to $75 from $59
* Arcus Biosciences Inc : Wedbush raises target price to $40 from $26
* Ares Capital Corp : BMO cuts target price by $5 to $16
* Ares Capital Corp : Citigroup raises price target to $15 from $13
* Ares Management Corp : BMO raises target price to $40 from $30
* Ares Management Corp : Credit Suisse raises target price to $40 from $38
* Ares Management Corp : Jefferies raises target price to $42 from $39
* Ares Management Corp : KBW raises target price to $45 from $44
* ASGN Inc : Jefferies raises target price to $54 from $31
* Ashland Global Holdings Inc : Deutsche Bank raises target price to $70 from $65
* Ashland Global Holdings Inc. : JP Morgan cuts target price to $62 from $68
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Ashland Global Holdings Inc. : SunTrust Robinson cuts price target to $75 from $87
* Aspen Technology Inc : Benchmark cuts target price to $130
* Aspen Technology Inc : Keybanc raises target price to $120 from $110
* Assetmark Financial Holdings Inc : BMO cuts target price to $23 from $26
* Assurant Inc : SunTrust Robinson cuts price target to $145 from $155
* Astronics Corp : Canaccord Genuity cuts target price to $10 from $14
* Astronics Corp : SunTrust Robinson cuts price target to $6 from $7
* Atkore International Group Inc : Citigroup raises price target to $26 from $24
* Atlas Corp (British Columbia) : Citigroup cuts price target to $7 from $12
* Avanos Medical Inc : Berenberg raises target price to $33 from $30
* Avanos Medical Inc : Stephens raises target price to $38 from $30
* Axalta Coating Systems Ltd : Citigroup raises price target to $21 from $18
* Axalta Coating Systems Ltd : Credit Suisse cuts target price to $27 from $29
* Axalta Coating Systems Ltd : Jefferies raises target price to $18 from $15
* Axalta Coating Systems Ltd : Keybanc raises target price to $24 from $23
* Axcelis Technologies Inc : D.A. Davidson raises price target to $25 from $20
* Axcella Health Inc : BTIG raises target price to $12 from $10
* Axogen Inc : Canaccord Genuity cuts target price to $12 from $22
* Axogen Inc : Jefferies cuts target price to $21 from $30
* Bank of N.T. Butterfield & Son Ltd : Citigroup raises target to $21 from $15
* Barrett Business Services Inc : Barrington Research raises PT to $52 from $48
* Barrick Gold Corp : Deutsche Bank raises target price to $34 from $25
* Benefitfocus Inc : Piper Sandler cuts target price to $26 from $35
* Bio Rad Laboratories Inc : Citigroup raises price target to $525 from $480
* Bio Rad Laboratories Inc : Jefferies raises target price to $525 from $500
* Biocryst Pharmaceuticals Inc : Jefferies raises price target to $9 from $8
* Biocryst Pharmaceuticals Inc : Piper Sandler raises target price to $10 from $8
* Biotelemetry Inc : Benchmark cuts target price to $52 from $55
* Black Knight Inc : KBW raises target price to $70 from $68
* Black Knight Inc : Stephens raises target price to $88 from $84
* Black Knight Inc : Wedbush raises target price to $70 from $66
* Black Stone Minerals LP : Simmons Energy raises target price to $8 from $5
* Blackbaud Inc : Evercore ISI cuts target price to $48 from $55
* Blucora Inc : Benchmark cuts price target to $25 from $37
* BMC stock Holdings Inc : Stephens raises target price to $25 from $22
* BMC stock Holdings Inc : SunTrust Robinson raises price target to $26 from $22
* BorgWarner Inc : Jefferies raises target price to $33 from $30
* BorgWarner Inc : JP Morgan raises price target to $35 from $32
* BorgWarner Inc : Oppenheimer cuts target price to $44 from $45
* BorgWarner Inc : RBC raises target price to $31 from $29
* Boston Private Financial Holdings Inc : Piper Sandler raises PT to $7 from $6.
- 05/07/2020
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U.S. RESEARCH ROUNDUP-Ashland Global Holdings, Lyft, Solaredge Technologies
- Wall Street securities analysts revised their ratings and price targets on
several U.S.-listed companies, including Ashland Global Holdings, Lyft and Solaredge
Technologies, on Thursday.
HIGHLIGHTS
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Lyft Inc : Piper Sandler cuts to neutral from overweight
* Natera Inc : JP Morgan raises to overweight from neutral
* Occidental Petroleum Corp : SunTrust Robinson raises to hold from sell
* Solaredge Technologies : Canaccord Genuity cuts to hold from buy
Following is a summary of research actions on U.S. companies reported by Reuters on Thursday.
Stock entries are in alphabetical order.
* Acadia Healthcare Company Inc : Citigroup cuts price target to $34 from $37
* Activision Blizzard Inc : Keybanc raises target price to $80 from $68
* Advanced Energy Industries Inc : Susquehanna cuts target price to $85 from $90
* Agco Corp : Stephens raises target price to $65 from $60
* Alexion Pharmaceuticals Inc : Credit Suisse cuts target price to $142 from $147
* Allegiant Travel Co : Cowen and Company cuts price target to $74 from $100
* Allstate Corp : Piper Sandler raises target price to $112 from $108
* Alnylam Pharmaceuticals Inc : JP Morgan cuts to neutral from overweight
* Alnylam Pharmaceuticals Inc : JP Morgan raises target price to $137 from $133
* Alnylam Pharmaceuticals Inc : Needham raises target price to $160 from $135
* Alnylam Pharmaceuticals Inc : Piper Sandler raises target price to $169 from $142
* Anaptysbio Inc : Credit Suisse raises target price to $16 from $14
* Arcus Biosciences Inc : Wedbush raises target price to $40 from $26
* Ares Management Corp : Credit Suisse raises target price to $40 from $38
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Ashland Global Holdings Inc. : JP Morgan cuts target price to $62 from $68
* Aspen Technology Inc : Keybanc raises target price to $120 from $110
* Astronics Corp : Canaccord Genuity cuts target price to $10 from $14
* Atkore International Group Inc : Citigroup raises price target to $26 from $24
* Atlas Corp (British Columbia) : Citigroup cuts price target to $7 from $12
* Axalta Coating Systems Ltd : Credit Suisse cuts target price to $27 from $29
* Axalta Coating Systems Ltd : Keybanc raises target price to $24 from $23
* Axogen Inc : Canaccord Genuity cuts target price to $12 from $22
* Bank of N.T. Butterfield & Son Ltd : Citigroup raises price target to $21 from $15
* Benefitfocus Inc : Piper Sandler cuts target price to $26 from $35
* Biocryst Pharmaceuticals Inc : Piper Sandler raises target price to $10 from $8
* Black Knight Inc : Stephens raises target price to $88 from $84
* Black Stone Minerals LP : Simmons Energy raises target price to $8 from $5
* Boston Private Financial Holdings Inc : Piper Sandler raises PT to $7 from $6.50
* Brookfield Business Partners LP : National Bank of Canada cuts PT to $38 from $42
* Brookfield Renewable Partners LP : CIBC raises target price to $49 from $48
* Catalent Inc : Stephens raises target price to $82 from $75
* Central Garden & Pet Co : Keybanc raises target price to $38 from $35
* Ceridian Hcm Holding Inc : Credit Suisse raises target price to $49 from $47
* Chefs' Warehouse Inc : Jefferies raises target price to $13 from $12
* Chemours Co : Jefferies raises target price to $13 from $11
* CNH Industrial : JP Morgan cuts target price to $6.50 from $8
* Consolidated Edison Inc : Credit Suisse cuts target price to $78 from $92
* Constellation Pharmaceuticals Inc : Jefferies raises target price to $63 from $53
* Lendingclub Corp : BTIG cuts target price to $11 from $23
* Cubic Corp : Canaccord Genuity cuts target price to $48 from $55
* Cytosorbents Corp : MKM Partners raises target price to $14 from $8
* Devon Energy Corp : Simmons Energy raises target price to $10 from $6
* Discovery Inc : MKM Partners cuts target price to $26 from $30
* Dupont : Citigroup raises price target to $52 from $47
* Dupont : Jefferies raises target price to $53 from $49
* Elevate Credit Inc : Credit Suisse cuts target price to $4 from $4.75
* Etsy Inc : Canaccord Genuity raises target price to $85 from $70
* Etsy Inc : Jefferies raises target price to $71 from $66
* Everbridge Inc : Stephens raises target price to $125 from $120
* Eversource Energy : Credit Suisse cuts target price to $81 from $92
* Evoqua Water Technologies Corp : Stifel raises target price to $22 from $21
* Exact Sciences Corp : Cowen and Company raises target price to $95 from $90
* Fastly Inc : Piper Sandler raises target price to $31 from $27
* First Western Financial Inc : Stephens cuts target price to $15 from $17
* Flir Systems Inc : Needham raises target price to $52 from $48
* FMC Corp : Citigroup raises price target to $114 from $107
* FMC Corp : Keybanc raises target price to $108 from $93
* Formfactor Inc : Cowen and Company raises target price to $24 from $22
* Formfactor Inc : D.A. Davidson raises target price to $25 from $20
* Fortinet Inc : Credit Suisse raises target price to $110 from $100
* Fortinet Inc : Piper Sandler raises target price to $125 from $110
* Fox Factory Holding Corp : Jefferies raises target price to $65 from $60
* Frontdoor Inc : Credit Suisse cuts target price to $44 from $50
* Gibraltar Industries Inc : Keybanc cuts target price to $55 from $60
* Global Payments Inc : Credit Suisse raises target price to $200 from $190
* Global Payments Inc : Jefferies raises target price to $195 from $175
* Global Payments Inc : Susquehanna raises target price to $205 from $200
* Graftech International Ltd : Credit Suisse cuts target price to $13 from $17
* Grubhub Inc : Jefferies raises target price to $50 from $48
* Heron Therapeutics Inc : Jefferies cuts target price to $31 from $33
* Hubspot Inc : Jefferies raises target price to $202 from $150
* Immunomedics Inc : Jefferies raises target price to $41 from $25
* Inmode Ltd : Canaccord Genuity cuts target price to $40 from $50
* Kennametal Inc : CFRA cuts target price to $25 from $32
* Kennametal Inc : JP Morgan cuts target price to $27 from $31
* Kforce Inc : Credit Suisse raises target price to $32 from $26
* KKR & Co Inc : Credit Suisse raises target price to $29 from $27
* Livongo Health Inc : Canaccord Genuity raises target price to $65 from $46
* Livongo Health Inc : Keybanc raises target price to $52 from $46
* Lyft Inc : D.A. Davidson raises target price to $35 from $27
* Lyft Inc : Jefferies cuts target price to $50 from $60
* Lyft Inc : Piper Sandler cuts price target to $31 from $63
* Lyft Inc : Piper Sandler cuts to neutral from overweight
* Magellan Midstream Partners LP : Credit Suisse raises target price to $48 from $42
* Martin Marietta Materials Inc : Citigroup raises price target to $230 from $228
* Natera Inc : Canaccord Genuity raises target price to $48 from $46
* Natera Inc : JP Morgan raises to overweight from neutral
* Natera Inc : JP Morgan raises target price to $45 from $32
* National Energy Services Reunited : National Bank of Canada cuts PT to $12 from
$13
* Neurocrine Biosciences Inc : Canaccord Genuity raises target to $123 from $122
* Neurocrine Biosciences Inc : Jefferies raises target price to $119 from $115
* Neurocrine Biosciences Inc : Mizuho raises target price to $105 from $103
* Neurocrine Biosciences Inc : Piper Sandler raises target price to $126 from $125
* Nlight Inc : Canaccord Genuity cuts target price to $22 from $25
* Now Inc : Stifel cuts target price to $6 from $7
* Nuvasive Inc : Canaccord Genuity cuts target price to $64 from $68
* Nuvasive Inc : Piper Sandler cuts target price to $75 from $90
* Occidental Petroleum Corp : SunTrust Robinson raises to hold from sell
* Occidental Petroleum Corp : SunTrust Robinson raises price target to $13 from $10
* Occidental Petroleum Corp : Susquehanna cuts target price to $12 from $13
* Palomar Holdings Inc : Piper Sandler raises target price to $64 from $54
* Papa John's International Inc : Credit Suisse raises target price to $84 from $71
* Papa John's International Inc : MKM Partners raises target price to $72 from $70
* Papa John's International Inc : Stifel raises target price to $95 from $80
* Parsley Energy Inc : Simmons Energy raises target price to $8 from $7.
- 05/07/2020
|
Unknown Airport Group Says US Airports Will Need At Least $10B In Added Assistance From US Officials
|
Fly Leasing (FLY) to Report Q1 Earnings: What's in Store?
- Weak demand for aircraft is likely to have dealt a major blow to Fly Leasing's (FLY) Q1 performance.
- 05/05/2020
|
Allegiant Travel (ALGT) Expected to Beat Earnings Estimates: Should You Buy?
- Allegiant Travel (ALGT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/05/2020
|
Fly Leasing (FLY) to Report Q1 Earnings: What's in Store?
|
Allegiant Travel Company Schedules First Quarter 2020 Earnings Call
- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its first quarter 2020 financial results conference call for Tuesday, May 12 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site.
- 05/04/2020
|
Allegiant To Provide Personal Health And Safety Kits To Customers On All Flights
- In a letter to customers sent Sunday, Allegiant (NASDAQ: ALGT) Chief Operating Officer Scott Sheldon announced that the company will provide complimentary health and safety kits to all customers flying the leisure-focused airline. The kits, which include a single-use face mask, a pair of disposable non-latex gloves and cleaning wipes, will be rolled out through Allegiant's network this week. Kits will be distributed to customers as they board their flights.
- 05/04/2020
|
Stocks To Watch: Jobs Report, Virtual Conferences And Blue Chips On Tap
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 05/02/2020
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RDU on the chopping block as airlines look to suspend more service
- Passenger traffic at RDU was at record levels earlier this year. But the pandemic has brought travel to a near standstill.
- 05/01/2020
|
Why Airline Shares Are Falling Today
- United joins the parade of carriers posting massive first-quarter losses.
- 05/01/2020
|
How Damaging Has Coronavirus Been for Spirit (SAVE) Q1 Earnings?
- Spirit (SAVE) is likely to have struggled with respect to revenues in Q1 due to coronavirus-induced loss of passenger revenues.
- 05/01/2020
|
Analysts Offer Insights on Services Companies: CH Robinson (CHRW), Dunkin' Brands (DNKN) and Ebay (EBAY)
- There's a lot to be optimistic about in the Services sector as 3 analysts just weighed in on CH Robinson (CHRW), Dunkin' Brands (DNKN) and Ebay (EBAY)
- 05/01/2020
|
FPA Capital Fund's 1st-Quarter Commentary
- FPA Capital Fund's 1st-Quarter Commentary, Stocks: NBL,VNOM,ISBC,ALGT,SAVE, FPA Capital Fund, release date:Apr 30, 2020
- 04/30/2020
|
What's in Store for Alaska Air Group's (ALK) Q1 Earnings?
- Alaska Air Group's (ALK) Q1 performance is expected to have suffered from significant loss of passenger revenues.
- 04/30/2020
|
What's in Store for Alaska Air Group's (ALK) Q1 Earnings?
- Alaska Air Group's (ALK) Q1 performance is expected to have suffered from significant loss of passenger revenues.
- 04/30/2020
|
Star Wars: Hux & Pryde Were In Rise of Skywalker's Mustafar Scene
- Everyone's favorite First Order duo shared a scene.
- 04/30/2020
|
Edited Transcript of FSS earnings conference call or presentation 29-Apr-20 2:00pm GMT
- Q1 2020 Federal Signal Corp Earnings Call
- 04/30/2020
|
Shares of several airline companies are trading lower as markets dip following US jobs and consumer spending data and as investors weigh recent earnings from some names in the space. Reduced air travel due to the coronavirus has weighed on the sector.
|
Deutsche Bank Maintains a Buy Rating on Southwest Airlines (LUV)
- In a report released today, Michael Linenberg from Deutsche Bank maintained a Buy rating on Southwest Airlines (LUV), with a price target of $44.00. The
- 04/29/2020
|
Airline stocks rally in early action
- Investors are giving the airline sector a hard look again after Southwest Airlines (NYSE:LUV) drew attention by reporting a narrower-than-expected loss yesterday and with some of the worst case fears
- 04/29/2020
|
US Treasury Secretary Steve Mnuchin Says There Are No Plans For Added Money For Airlines At This Time
|
Why Allegiant (ALGT) Might Surprise This Earnings Season
- Allegiant (ALGT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/28/2020
|
Why Allegiant (ALGT) Might Surprise This Earnings Season
- Allegiant (ALGT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 04/28/2020
|
Trump Says Administration Working With Airlines To Have Testing Programs For People Who Fly
|
Likely Coronavirus Impact on United Airlines (UAL) Q1 Earnings
- United Airlines (UAL) is expected to have suffered significant loss of passenger revenues in Q1 due to coronavirus concerns.
- 04/27/2020
|
Likely Coronavirus Impact on United Airlines (UAL) Q1 Earnings
- United Airlines (UAL) is expected to have suffered significant loss of passenger revenues in Q1 due to coronavirus concerns.
- 04/27/2020
|
Allegiant Travel (NASDAQ:ALGT) PT Lowered to $110.00 at Deutsche Bank
- Allegiant Travel (NASDAQ:ALGT) had its price target trimmed by Deutsche Bank from $160.00 to $110.00 in a research report released on Tuesday, The Fly reports. The brokerage currently has a buy rating on the transportation company’s stock. A number of other equities analysts also recently issued reports on the company. Bank of America dropped their […]
- 04/25/2020
|
Allegiant Travel options imply 17.8% move in share price post-earnings ALGT
- Allegiant Travel options imply 17.8% move in share price post-earnings ALGT
- 04/24/2020
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Trump Says US Could Buy 4-5 Years Of Tickets For Airlines
|
Can you get a refund for a flight? A credit? A guide to what airlines are doing
- Because of the coronavirus lockdown, airlines have canceled flights and reduced schedules. Know your rights and what you are entitled to.
- 04/23/2020
|
Here's a running list of CEO pay cuts during coronavirus crisis
- With unemployment spiking wildly from a few hundred thousand to 3.3 million and then 6.6 million in the span of two weeks, many CEOs have responded by taking a pay cut.
- 04/22/2020
|
- Transit agencies going cashless — Drone company defends itself after GOP attacks
- 04/22/2020
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Allegiant Airlines to get $171.9M in COVID-19 relief funds
- LAS VEGAS (AP) — Allegiant Airlines will receive $171.9 million in federal emergency relief through the Payroll Support Program created to help stimulate the economy in response to the COVID-19 pandemic, it's Las Vegas-based parent company announced Tuesday. The money provided under the Coronavirus Aid, Relief and Economic Security Act will cover approximately 76% of budgeted payroll and benefit costs for its 4,500 workers through Sept. 30, Allegiant Travel Co. said. That includes $21 million to be repaid through a 10-year, low-interest loan, according to the integrated travel company targeting small- to medium-sized vacation destinations. Under the loan, Allegiant will issue warrants to the U.S. Treasury Department to purchase 25,890 shares of common stock with a cash settlement right at the company's option. More than 25% of Allegiant's workforce already is participating in a voluntary short-term leave program or voluntary pay reductions, Chief Financial Officer Greg Anderson said. “Further participation will go a long way to maximize the payroll assistance funds and extend their impact as long as possible,” Anderson said. “With so much uncertainty regarding the arc of the coronavirus outbreak and when demand for travel will return, we believe the airlines maintaining the most flexibility will be best positioned to emerge from this crisis even stronger.”
- 04/21/2020
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Allegiant lands $172M in payroll relief
- Allegiant Travel (NASDAQ:ALGT) confirms that it will receive $171.9M in assistance from Treasury Department under the Payroll Support Program. Of that funding, $21M will be in the form of a 10-year t
- 04/21/2020
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